Private equity firms Blackstone (NYSE: BX) and Veritas Capital Fund Management and major defense contractors such as General Dynamics (NYSE: GD), BAE Systems and Textron (NYSE: TXT) have expressed interest in acquiring Ball Corp.’s (NYSE: BALL) aerospace business , which could be valued at more than $5 billion, Reuters reported Friday.
The report said Ball could solicit final bids by the end of July for the aerospace business, which constituted 13 percent of the Westminster, Colorado-based company’s 2022 net sales.
Established during the 1950s, the aerospace unit provides sensors, antennas and other defense hardware and has become a key contractor in intelligence and national security programs, aerial exploration and Earth science, among other areas.
In June, Ball issued a statement saying it was considering options for its aerospace segment as part of efforts to generate value for shareholders and clients.
The statement came days after the news wire agency reported that Ball started exploring potential buyers through an auction process .
The new award follows earlier Longbow contracts for radar electronics, mast-mounted assemblies and Apache radar sustainment services.
Leidos will support an asset tracking system covering more than 80 million government property items across over 50 agencies.
AMERICAN SYSTEMS has secured a $113.4 million follow-on task order to support a Department of War customer's critical technology work.
Scolese led the National Reconnaissance Office from 2019 to 2026 and previously directed NASA’s Goddard Space Flight Center.
Lockheed's missile backlog reached $142.5 billion after a seven-year Patriot Advanced Capability-3 contract.
DHS has forecast a sole-source, 12-month follow-on BPA worth up to $100 million for identity, credential and access management support.
Proposals for the multiple-award vehicle are due Dec. 4 through the PIEE Solicitation Module.
Leidos will leverage capabilities from its Kudu Dynamics acquisition and its existing cybersecurity technologies to carry out the work.
A Cherokee Federal company has secured a $99.3 million Navy contract to sustain protective and life-support equipment for sailors.
Michael Teegardin, a former ASRC Federal executive and U.S. Army veteran, has joined Akima as VP of marketing and communications.
The small business RMAS contract carries a $1.5B ceiling, while the full-and-open PLS contract has a $6.09B ceiling over 10…
CACI reported an 8.2 percent revenue increase to $2.5 billion for Q1 FY27 and raised its fiscal 2027 revenue and…
You’ve already read all related articles.
VIDEO 
