New Britain-based Stanley Black & Decker on Monday announced plans to sell its Consolidated Aerospace Manufacturing business (CAM) to Howmet Aerospace for $1.8 billion in cash.
The unit provides fasteners, fittings and other engineered components for the aerospace and defense industries. It is based in Brea, California.
“The proceeds from this transaction are expected to significantly reduce our debt,” CEO Chris Stanley said in a statement. “We will have greater flexibility to pursue additional value-creation opportunities through a more agile capital allocation strategy.”
Stanley says that CAM is expected to generate 2025 revenue of approximately $405 to $415 million.
Howmet Aerospace is based in Pittsburgh, Pennsylvania. Its primary businesses focus on jet engine components, aerospace fastening systems and airframe structural components.
Stanley Black & Decker bought CAM in 2020 for around $1.5 billion.
The deal is expected to close in the first half of 2026, subject to regulatory approval and other customary closing conditions.
