BAE Systems : Ball Aerospace: an attractive acquisition in the medium term but value creation towards 2028e and slowing rate of share buybacks
>Acquisition of Ball Aerospace based on 2x revenue and 17x EBIT 2024e post run-rate cost synergies - BAE Systems is reinforcing its position on the space segment with the acquisition of Ball Aerospace, a US company that is a subsidiary of Ball Corp, specialising notably in satellite systems, geospatial intelligence, tactical solutions and antenna arrays, for enterprise value of $ 5.5bn ($ 4.8bn after factoring in the current value of tax breaks related to goodwill am...BAE Systems is a defense, aerospace and security solutions provider. Co. supplies defense equipment, electronics and services, and cyber, intelligence and security solutions for governments and commercial markets. Co.'s offerings include the: manufacture of Typhoon assemblies for European partner nations and other export customers; design and manufacture of sub-assemblies in the U.K. and provision of equipment in the U.S.; development of future air system capabilities, including unmanned air systems; maintenance, support and training for Typhoon aircraft in service with the U.K. and Saudi Arabian air forces; and design, manufacture and support of defense and commercial avionics equipment.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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