How much did Ball Corporation sell its aerospace business?

WESTMINSTER, Colo., Feb. 16, 2024 /PRNewswire/ -- Ball Corporation (NYSE: BALL) the world's leading producer of sustainable aluminum packaging for global beverage and household brands, today announced that the company completed the sale of its aerospace business for approximately $5.6 billion subject to customary closing adjustments.

What are aerospace stocks?

Aerospace stocks are a type of equity that represents ownership in companies that design, develop, and manufacture aircraft, spacecraft, satellites, and related technologies. The aerospace industry is a critical driver of innovation and economic growth, and aerospace stocks offer investors the opportunity to participate in this growth.

Who is Ball Aerospace?

The American Meteorological Society recognized Ball Aerospace in 2019 for outstanding services by a corporation, citing the company’s work designing and building proven advanced remote-sensing instruments and spacecraft enabling timely, accurate weather predictions and environmental monitoring to ensure a Weather Ready Nation.