Howmet Aerospace to Acquire Consolidated Aerospace Manufacturing for $1.8 Billion

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announced its intention to acquire Consolidated Aerospace Manufacturing, LLC (CAM), a leading designer and manufacturer of aerospace fasteners, from Stanley Black & Decker, Inc. for an all-cash purchase price of approximately $1.8 billion. The acquisition, expected to close in the first half of 2026, is intended to strengthen Howmet Aerospace's portfolio of high-tech aerospace fastening solutions and is expected to generate FY 2026 revenue of approximately $485 to $495 million with an adjusted EBITDA margin in excess of 20% before synergies. The transaction is expected to receive favorable treatment for federal tax purposes.

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About Howmet Aerospace Inc.

Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace industry. With a focus on high-performance multi-material products, the company plays a critical role in enhancing the efficiency, reliability, and safety of both commercial and military aircraft. Howmet Aerospace specializes in manufacturing precision parts such as jet engine components, fasteners, and titanium structural parts, serving major aerospace manufacturers and defense companies worldwide. The firm's technological expertise and innovation in materials science allow it to contribute significantly to advancements in aircraft design and performance. Headquartered in Pittsburgh, Pennsylvania, Howmet Aerospace operates through various plants and facilities around the world, evidencing its significant footprint and influence in the aerospace sector. Its products are integral to modern aircraft, underscoring its vital role in driving forward aerospace engineering and manufacturing capabilities.