 for Ball Aerospace, one of the great heritage names in US space development. It is paying in cash — from its reserves and from new debt to be raised — making it one of the largest all-cash deals in UK corporate history. However, the share price took a tumble as investors fretted whether the company — better known for constructing warships and submarines for the Royal Navy, fighter jets for the Royal Air Force and Saudi Arabia, and munitions in use in the Ukraine conflict — may have paid over the odds to secure its place in the world of){kind=link}
For BAE Systems, it was one giant leap into the space defence market. The British group has announced it is paying $5.6 billion (£4.4 billion) for Ball Aerospace, one of the great heritage names in US space development. It is paying in cash – from its reserves and from new debt to be raised – making it one of the largest all-cash deals in UK corporate history.
However, the share price took a tumble as investors fretted whether the company – better known for constructing warships and submarines for the Royal Navy, fighter jets for the Royal Air Force and Saudi Arabia, and munitions in use in the Ukraine conflict – may have paid over the odds to secure its place in the world of
© Times Media Limited 2023.
Registered in England No. 894646. Registered office: 1 London Bridge Street, SE1 9GF.