Ball Aerospace purchased by BAE Systems
BAE Systems today announced it has purchased from Ball Corporation its aerospace division, Ball Aerospace, for $5.6 billion.
It appears that the Ball corporation wants to focus its business plan around its “circular aluminum packaging for global beverage and household brands,” rather than aerospace. This sale essentially concludes the company’s slow transition away from its long time space business, which began just prior to Sputnik in 1956. It is essentially out of that business now, and instead has returned entirely to its packaging roots from the late 1800s.
BAE meanwhile strengthens its focus on space, both in the commercial and defense markets, with the addition of the Ball Aerospace division, which has been in the space business for decades.
BAE Systems today announced it has purchased from Ball Corporation its aerospace division, Ball Aerospace, for $5.6 billion.
It appears that the Ball corporation wants to focus its business plan around its “circular aluminum packaging for global beverage and household brands,” rather than aerospace. This sale essentially concludes the company’s slow transition away from its long time space business, which began just prior to Sputnik in 1956. It is essentially out of that business now, and instead has returned entirely to its packaging roots from the late 1800s.
BAE meanwhile strengthens its focus on space, both in the commercial and defense markets, with the addition of the Ball Aerospace division, which has been in the space business for decades.