BAE agrees to buy space technology firm Ball Aerospace for $5.6bn
by Jasper Jolly from World news | The Guardian on (#6DXNH)
Weapon maker's takeover of US firm comes amid global surge in spending on military and spying technology
Britain's biggest weapons manufacturer, BAE Systems, has agreed to buy the US space technology company Ball Aerospace for $5.6bn (4.4bn), in one of the largest takeovers by a UK company this year.
The FTSE 100 defence company said the purchase of the Colorado-based business would help it to expand in technologies that are US defence priorities.
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