Howmet Aerospace to Acquire Consolidated Aerospace Manufacturing from Stanley Black & Decker

Howmet Aerospace Inc. announced on December 22, 2025, that it has entered into a definitive agreement to acquire Consolidated Aerospace Manufacturing, LLC (CAM) from Stanley Black & Decker, Inc. for approximately $1.8 billion in cash. CAM is a leading global designer and manufacturer of precision fasteners, fluid fittings, and other complex, highly engineered products for demanding aerospace and defense applications. This acquisition is expected to strengthen Howmet Aerospace's portfolio of high-tech, mission-critical aerospace fastening solutions and deepen its exposure to key aerospace and defense platforms. The transaction is anticipated to close in the first half of 2026, subject to customary closing conditions and regulatory approvals. Howmet expects CAM to generate approximately $485 to $495 million in FY 2026 revenue with adjusted EBITDA margins exceeding 20% before synergies. The acquisition is expected to provide significant tax benefits and a favorable FY 2026 adjusted EBITDA transaction multiple of approximately 13x, considering synergies and tax advantages.