Ball Corp. sells aerospace business to BAE Systems
Views : 130
Update time : 2023-08-22 15:28:59
Ball Corporation, a provider of metal packaging in the US, said that the company has reached a definitive deal to sell its aerospace business, Ball Aerospace, to the UK’s biggest weapons maker BAE Systems for around US$ 5.55 billion in cash. The acquisition will be helpful for BAE Systems to improve its position and expand technologies in the US defense market.
The transaction is subject to regulatory approvals and customary closing conditions and adjustments. It was expected to close in the first half of 2024.
Daniel W. Fisher, Chairman and Chief Executive Officer of Ball Corporation, said that after the successful closing of this transaction, the company will continue executing its strategy of using more circular aluminum packaging worldwide and accelerate the low-carbon, best-value aluminum packaging initiatives in the future years.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
