REG - BAE SYSTEMS PLC - Completion of Ball Aerospace acquisition

BAE SystemsAnnouncement

16/02/2024 15:00

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RNS Number : 4965D  BAE SYSTEMS PLC  16 February 2024

 

BAE SYSTEMS PLC

16 February 2024

BAE Systems completes acquisition of Ball Aerospace

Further to the announcement of 14 February 2024, BAE Systems has now completed
the acquisition of Ball Aerospace from Ball Corporation. The transaction
closed at a purchase price of $5.5 billion (approximately £4.4 billion),
which has been funded through existing cash and new external debt.

As previously stated, BAE Systems will provide 2024 Group guidance at our
preliminary results on 21 February 2024 incorporating the acquisition.

 - ENDS -

For further information please contact:

Investors                                                  Media
Relations

Martin Cooper
             Kristina Anderson

Investor Relations Director
 Director, Media Relations

Telephone: +44 (0)1252 383455               Telephone: +44
(0)7540 628673

Email: investors@baesystems.com (mailto:investors@baesystems.com)
          Email: kristina.anderson@baesystems.com
(mailto:kristina.anderson@baesystems.com)

Cautionary statement:

All statements other than statements of historical fact included in this
announcement including, without limitation, those regarding the financial
condition, results, operations and businesses of BAE Systems and its strategy,
plans and objectives and the markets and economies in which it operates, are
forward-looking statements. Such forward-looking statements which reflect
management's assumptions made on the basis of information available to it at
this time, involve known and unknown risks, uncertainties and other important
factors which could cause the actual results, performance or achievements of
BAE Systems or the markets and economies in which BAE Systems operates to be
materially different from future results, performance or achievements
expressed or implied by such forward-looking statements. BAE Systems plc and
its directors accept no liability to third parties in respect of any such
forward-looking statements.

 

 

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