Editing BAE Systems (section)

===2020s===
In August 2020 BAE Systems completed the purchase of [[United Technologies]]' military GPS businesses for $1.9 billion and [[Raytheon]]'s military airborne radios business for $275 million. The sale of these two business was a condition of the merger approval that saw their two parent companies merge to form [[Raytheon Technologies]].<ref>{{cite news |last=Keller |first=John |title=BAE Systems completes $1.9 billion buy of Raytheon's military Global Positioning System (GPS) business |url=https://www.militaryaerospace.com/sensors/article/14181742/gps-raytheon-bae-systems |work=Military & Aerospace Electronics |access-date=2020-12-31}}</ref>

In November 2020, the MoD announced the award of a 20-year, £2.4 billion munitions contract to BAE. This will see BAE manufacture 39 different munitions for the UK armed forces and supersedes the 2008 MASS contract.<ref>{{Cite web|last=Chuter|first=Andrew|date=30 November 2020|title=BAE Systems gets $3.2 billion deal so British forces can reload|url=https://www.defensenews.com/global/europe/2020/11/30/bae-systems-gets-32-billion-deal-so-british-forces-can-reload/|access-date=29 December 2020|website=Defense News}}</ref> In July 2023, BAE received a related £280 million order to address a munitions shortage caused by the supply of ammunition to Ukraine.<ref>{{Cite news |last1=Pfeifer |first1=Sylvia |last2=Gross |first2=Anna |date=11 July 2023 |title=Heavy artillery BAE Systems seals £280mn munitions deal |work=Financial Times}}</ref>

In 2022, during the [[Russian invasion of Ukraine]], major arms manufacturers, including BAE Systems,<ref>{{cite news |title=BAE Systems forecasts more growth on Ukraine conflict boost |url=https://www.reuters.com/business/aerospace-defense/bae-systems-earnings-rise-95-higher-military-spend-2023-02-23/ |work=Reuters |date=23 February 2023}}</ref> reported a sharp increase in interim sales and profits.<ref>{{cite news |title=Ukraine war: How weapons makers are profiting from the conflict |url=https://news.sky.com/story/ukraine-war-how-weapons-makers-are-profiting-from-the-conflict-12624574 |work=Sky News |date=10 June 2022}}</ref><ref>{{cite news |title=BAE Systems unveils record orders as Ukraine war bolsters military spending |url=https://www.independent.co.uk/business/bae-systems-unveils-record-orders-as-ukraine-war-bolsters-military-spending-b2287942.html |work=The Independent |date=23 February 2023}}</ref>

In August 2023 BAE agreed to acquire the [[Ball Aerospace & Technologies|aerospace division]] of US-based [[Ball Corporation]] for $5.6 billion in cash (approximately £4.5 billion); this was BAE's largest acquisition up until that point and was completed on 16 February 2024.<ref>{{Cite news |last=Shabong |first=Yadarisa |date=17 August 2023 |title=BAE snaps up Ball's aerospace arm for $5.6 billion in its biggest deal ever |url=https://www.reuters.com/markets/deals/uks-bae-systems-buy-ball-aerospace-about-555-bln-2023-08-17/ |work=Reuters}}</ref><ref>{{cite web|url=https://www.baesystems.com/en/article/bae-systems-completes-acquisition-of-ball-aerospace/|title=BAE Systems completes acquisition of Ball Aerospace|publisher=BAE Systems|access-date=14 October 2024}}</ref> In October 2023, BAE was awarded a £3.95 billion contract for development work on [[SSN-AUKUS|Aukus-class submarines]] up to 2028.<ref>{{Cite news |last=Hoskins |first=Peter |date=2 October 2023 |title=Aukus: UK defence giant BAE Systems wins £3.95bn submarine contract |work=BBC News |url=https://www.bbc.co.uk/news/business-66979798 |access-date=23 October 2023}}</ref>