"BAE Systems Completes Acquisition of Ball Aerospace After Regulatory Approval"

BAE Systems has received regulatory approvals to finalize its $5.5 billion acquisition of Ball Aerospace, with the deal expected to close in the coming days. Once completed, Ball Aerospace will become a fourth operating sector of BAE Systems Inc., known as Space & Mission Systems, incorporating its employees and Colorado manufacturing facility. The acquisition will enable Ball Aerospace to pursue larger programs and tap into BAE's expertise and global supply agreements, while both companies continue to monitor federal budget uncertainty for fiscal year 2024.