Business
Completion of Ball Aerospace acquisition
Completion of Ball Aerospace acquisition.
About this update from Bae Systems Plc
BAE SYSTEMS PLC 16 February 2024 BAE Systems completes acquisition of Ball Aerospace Further to the announcement of 14 February 2024, BAE Systems has now completed the acquisition of Ball Aerospace from Ball Corporation. The transaction closed at a purchase price of $5.5 billion (approximately £4.4 billion), which has been funded through existing cash and new external debt. As previously stated, BAE Systems will provide 2024 Group guidance at our preliminary results on 21 February 2024 incorporating the acquisition. - ENDS - For further information please contact: Investors Media Relations Martin Cooper Kristina Anderson Investor Relations Director Director, Media Relations Telephone: +44 (0)1252 383455 Telephone: +44 (0)7540 628673 Email: [email protected] Email: [email protected] Cautionary statement: All statements other than statements of historical fact included in this announcement including, without limitation, those regarding the financial condition, results, operations and businesses of BAE Systems and its strategy, plans and objectives and the markets and economies in which it operates, are forward-looking statements. Such forward-looking statements which reflect management's assumptions made on the basis of information available to it at this time, involve known and unknown risks, uncertainties and other important factors which could cause the actual results, performance or achievements of BAE Systems or the markets and economies in which BAE Systems operates to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. BAE Systems plc and its directors accept no liability to third parties in respect of any such forward-looking statements.