British multinational BAE Systems has announced its strategic acquisition of Colorado-based Ball Aerospace for $5.55 billion.

The deal aims to strengthen BAE’s foothold in the United States defense landscape and to “capture expected increases in demand for missiles and munitions” with Ball’s Tactical Solutions business.

Ball Aerospace has notably participated in the James Webb Space Telescope and supplies electronic equipment for the F-35 fighter, as well as several guided missiles. It employs over 5,200 people.

“The proposed acquisition of Ball Aerospace is a unique opportunity to add a high quality, fast growing technology focused business with significant capabilities to our core business that is performing strongly and well positioned for sustained growth,” Charles Woodburn, Chief Executive of BAE Systems, commented.

The acquisition of Ball Aerospace is projected to be finalized in the first half of 2024, pending regulatory approvals.