{"id":50744,"date":"2023-08-21T13:27:20","date_gmt":"2023-08-21T13:27:20","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln"},"modified":"2023-08-21T14:03:11","modified_gmt":"2023-08-21T14:03:11","slug":"uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln","title":{"rendered":"UK&#8217;s BAE Systems to Buy Subsidiary of US&#8217;s Ball Corporation for $5.5Bln"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>UK defense giant BAE Systems announced on Thursday that it had entered into a deal to acquire Ball Aerospace, a subsidiary of US-based Ball Corporation, for around $5.5 billion in cash, with the acquisition expected to close in 2024.<\/p>\n<p>Ball Aerospace is a &#8220;leading provider of spacecraft, mission payloads, optical systems, and antenna systems,&#8221; the UK company said, adding that the acquisition would allow BAE Systems to strengthen its portfolio with high-end technology capabilities.The deal is expected to be completed in the first half of 2024, the statement read, adding that the acquisition would be funded through a combination of new external debt and existing cash resources.<\/p>\n<p>Earlier in the month, a British newspaper reported that BAE Systems had booked a record 66 billion pounds ($84 billion) in contracts with various countries to meet their growing demand for weapons supplies.<\/p>\n<p>Ball Aerospace is a US manufacturer of spacecraft, components and instruments for national defense and civil space applications. The company is headquartered in Colorado and employs more than 5,200 people.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/rwanda\">Rwanda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. UK defense giant BAE Systems announced on Thursday that it had entered into a deal to acquire Ball Aerospace, a subsidiary of US-based Ball Corporation, for around $5.5 billion in cash, with the acquisition expected to close in 2024. Ball Aerospace is a &#8220;leading provider of spacecraft, mission payloads, optical systems, and [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":50743,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,31],"tags":[760,763,758],"class_list":["post-50744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UK&#039;s BAE Systems to Buy Subsidiary of US&#039;s Ball Corporation for $5.5Bln - Rwanda<\/title>\n<meta name=\"description\" content=\"UK defense giant BAE Systems announced on Thursday that it had entered into a deal to acquire Ball Aerospace, a subsidia ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK&#039;s BAE Systems to Buy Subsidiary of US&#039;s Ball Corporation for $5.5Bln\" \/>\n<meta property=\"og:description\" content=\"UK defense giant BAE Systems announced on Thursday that it had entered into a deal to acquire Ball Aerospace, a subsidia ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-21T13:27:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-21T14:03:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/08\/sm_1692613817.342014.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"UK&#8217;s BAE Systems to Buy Subsidiary of US&#8217;s Ball Corporation for $5.5Bln\",\"datePublished\":\"2023-08-21T13:27:20+00:00\",\"dateModified\":\"2023-08-21T14:03:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln\"},\"wordCount\":191,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/08\/sm_1692613817.342014.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/uks-bae-systems-to-buy-subsidiary-of-uss-ball-corporation-for-5-5bln\",\"name\":\"UK's BAE Systems to Buy Subsidiary of US's Ball Corporation for $5.5Bln - 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