The $47.74m (EUR42.84m) multi-year deal with Budweiser's parent company Anheuser-Busch, is the latest big success for Williams, which has secured a number of key sponsorships in a sector hit hard by the tough economy.
But with a good start to the season, and Ferrari's inability to dominate like recent seasons, has seen Williams capitalise with recent deals signed with the likes of Oris Watches, Western Union, Xilinx and stop-smoking brand Niquitin CQ.
Said Tony Ponturo, Budweiser's vice president of global media and sport marketing: "Our sponsorship of the BMW WilliamsF1 team enables Budweiser to reach a global audience of racing fans."
As widely anticipated, Budweiser has signed a major sponsorship deal with the BMW WilliamsF1 team.
