Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted

UK military firm BAE agrees to buy US' Ball Aerospace for $5.55b

  • By Al Mayadeen English
  • Source: Agencies
  • 17 Aug 2023 13:08
2 Min Read

Ball Aerospace is a firm that supplies spacecraft, mission payloads, optical systems, and antenna systems, and its clients include the Department of Defense and civilian space agencies.

  • x
  • A sign for defense company BAE Systems in Warton, northwest England in an undated photo (AFP)
    A sign for defense company BAE Systems in Warton, northwest England in an undated photo. (AFP)

On Thursday, UK military equipment maker BAE Systems announced its agreement to purchase US company Ball Aerospace from the Ball Corporation for about $5.55 billion, hoping to complete the acquisition in the first half of 2024, with an expected tax credit taking the "underlying economic consideration for the business" to $4.8 billion.

The deal is due to be funded by a mix of new external debt and existing cash resources, per BAE.

Ball Aerospace is a firm that supplies spacecraft, mission payloads, optical systems, and antenna systems, and its clients include the Department of Defense and civilian space agencies, with more than 5,200 employees of whom more than 60% hold US security clearances.

During a press release making the announcement, BAE said the deal is "well positioned to capture expected increases in demand for missiles and munitions", describing Ball Aerospace as a "space and defence technology leader" and a "highly complementary fit" with its own "portfolio and culture".    

Related News

Senate blames Secret Service failures for Trump assassination attempt

South Korea warns US chip tariffs threaten economy, global supply

BAE Systems chief executive Charles Woodburn stated, "It's rare that a business of this quality, scale and complementary capabilities, with strong growth prospects and a close fit to our strategy, becomes available," adding, "The strategic and financial rationale is compelling, as we continue to focus on areas of high priority defence and Intelligence spending." 

Read next: British army struggles to hire cybersecurity experts: The Telegraph

Earlier this month, a record order book was announced by BAE, alongside a half-year jump in net profits of 57% given the increased spending in light of the war in Ukraine.

This information comes a mere day after a military-diplomatic source claims that the UK's Secret Intelligence Service, or MI6, prepared a sabotage unit of 100 Ukrainian fighters set to be sent to Africa to fend off Russia-Africa cooperation.

An Oxfam report disclosed some serious figures regarding the casualties in #Yemen due to the #US-#Saudi-led coalition, which has been regularly bombing civilian areas since 2015. pic.twitter.com/z793MpbzV5

— Al Mayadeen English (@MayadeenEnglish) January 15, 2023

  • United States
  • Ball Aerospace
  • BAE
  • Military
  • United Kingdom
  • Ukraine

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS