BAE Systems, an aerospace and defense company based in Nashua, New Hampshire, has completed the acquisition of Ball Aerospace for $5.5 billion [6f7820b8]. The deal, finalized on February 16, 2024, adds market-leading space, science, and defense solutions to BAE Systems' portfolio and introduces over 5,200 U.S. employees into the company [6f7820b8].
The acquisition of Ball Aerospace aligns with high-priority areas in the U.S. National Defense Strategy and the U.S. Intelligence Strategy, deepening BAE Systems' presence in the U.S. defense and intelligence market [6f7820b8]. Once integrated, Ball Aerospace will become a fourth operating sector of BAE Systems, known as Space and Mission Systems, enabling the company to pursue more ambitious programs in the aerospace sector [d4b612ee] [6f7820b8].
BAE Systems' acquisition of Ball Aerospace represents a strategic pivot towards space and defense solutions. The newly formed Space and Mission Systems business, led by Dr. Dave Kaufman, is expected to deliver space, science, and defense solutions with unprecedented efficiency and innovation [6f7820b8].
In addition to the acquisition, BAE Systems has been awarded a $35 million grant by the U.S. Department of Commerce under the Chips Act [91305052]. This funding will enable BAE Systems to increase its semiconductor manufacturing capabilities and supply chips for F-15 and F-35 fighter jets used by the Pentagon. The investment in BAE Systems' facility will save money for taxpayers and help quadruple production capacity, leading to net savings for federal agencies. The increased capacity will also benefit NATO allies and partners in Asia [91305052].
The acquisition of Ball Aerospace positions BAE Systems at the forefront of the next generation of space and defense technologies. The company's expanded presence in the U.S. defense and intelligence market, along with the integration of Ball Aerospace's space technologies, will enhance BAE Systems' capabilities and allow for the pursuit of more ambitious programs [6f7820b8] [d4b612ee]. The grant from the U.S. Department of Commerce further strengthens BAE Systems' semiconductor manufacturing capabilities, ensuring a more secure supply chain for critical national security needs and creating job opportunities in New Hampshire [91305052].