Ball to sell aerospace division to British firm for $5.6B

WESTMINSTER — Ball Corp. (NYSE: BALL) is selling its Ball Aerospace and Technologies Corp. division to British aerospace company BAE Systems PLC for $5.6 billion.

“Since 1956, generations of dedicated Ball Aerospace colleagues have transformed a business of humble beginnings into a thriving enterprise offering innovative capabilities in a world that needs rapid, scalable technology solutions. In recent years, the business has positioned itself to have an even greater contribution to customers’ missions and delivered fourfold growth and record levels of combined contracted and won-not-booked backlog,” Ball CEO Daniel Fisher said in a prepared statement. “The complementary cultural fit of Ball…