Howmet Aerospace entered into a Purchase Agreement with Stanley Black & Decker, Inc. on December 22, 2025 to acquire Consolidated Aerospace Manufacturing, LLC for an all-cash purchase price of approximately $1.8 billion, subject to customary adjustments.

1. 01

   Howmet Aerospace entered into a Purchase Agreement with Stanley Black & Decker, Inc. on December 22, 2025 to acquire Consolidated Aerospace Manufacturing, LLC for an all-cash purchase price of approximately $1.8 billion, subject to customary adjustments.

2. 02

   The company expects the acquisition to close in the first half of 2026, subject to customary closing conditions and regulatory approvals.

3. 03

   Howmet Aerospace expects CAM to generate FY 2026 revenue of approximately $485 to $495 million, with adjusted EBITDA margin in excess of 20% before synergies.

4. 04

   The company said the transaction will receive favorable treatment for federal tax purposes, resulting in a significant tax benefit, and that the combination of synergies and the tax benefit is expected to result in FY 2026 adjusted EBITDA transaction multiple of approximately 13x.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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