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Story summary
- Howmet Aerospace will acquire Consolidated Aerospace Manufacturing from Stanley Black & Decker for $1.8 billion in cash, closing in the first half of 2026.
- The deal expands Howmet's presence in aerospace and defense with projected 2026 revenues of $485 million to $495 million.
- The purchase will provide favorable federal tax treatment.
- Stanley Black & Decker will use the proceeds to reduce debt and focus on core businesses amid cost pressures.
