Colorado-based Ball Corp. To Sell Renowned Aerospace Business To British Company For $5.6 Billion

Ball Corp., based in Colorado and a global producer of aluminum packaging for beverages, has agreed to sell its aerospace business to BAE Systems, a British arms, security and aerospace company, for $5.6 billion in cash. The deal will leverage recent investments by Ball Aerospace and Technologies Corp. in talent and facilities across the country and centered in Boulder, Broomfield and Westminster “to provide a multi-dimensional platform for vital national defense, intelligence, and science hardware, software, and space-based assets,” Daniel Fisher, Ball CEO and chairman, said in a statement Thursday. The transaction, subject to regulatory approvals and closing conditions, is expected to close in the first half of 2024.