Howmet Aerospace in $1.8 Billion Acquisition of Consolidated Aerospace Manufacturing from Stanley Black & Decker

Cleary Gottlieb is representing Howmet Aerospace Inc. (HWM) in its announced acquisition of Consolidated Aerospace Manufacturing, a leading global designer and manufacturer of highly engineered hardware and fastener solutions for aerospace and defense applications, from Stanley Black & Decker (SWK) for an all-cash purchase price of approximately $1.8 billion.

The transaction is expected to close in the first half of 2026, subject to customary closing conditions and regulatory approvals.

Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. Howmet’s primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged aluminum wheels for commercial transportation. With approximately 1,170 granted and pending patents, Howmet’s differentiated technologies enable lighter, more fuel-efficient aircraft and commercial trucks to operate with a lower carbon footprint.

For more information, please see the press release here.

The Cleary M&A team includes partners Kyle Harris and Glenn McGrory, associates Kate Ginsbern, Augusta Wills, and Megan Pitt, and law clerk Chantal Bolzan. Partners Brian Byrne and Puja Patel and associates Charlie Wathieu and Edward Chung are advising on U.S. antitrust matters. Partners Christopher Cook and Jackie Holland are advising on U.K. and EU antitrust matters, with assistance from law clerk Niamh Martyn. Partners Giuseppe Scassellati-Sforzolini, John Messent, and Vladimir Novak and senior attorney Francesco Iodice are advising on foreign direct investment matters. Partners Craig Brod, Francesca Odell, and Meme Peponis, counsel Catherine Grimm, capital markets attorney Nina Bell, and associates Emily Arndt, Eric Olson, David Rubinstein, and Dylan Sanders are advising on capital markets and financing matters. Partner Julia Petty and associate Makesi Buddy are advising on executive compensation and employee benefit matters, with assistance from law clerk Phoenix Shaw. Partner Daniel Ilan and associate Samantha Simmons are advising on intellectual property and data privacy matters, with assistance from law clerk Gabriela Landolfo. Partner Beau Sterling and associates Madison Bush and Katie McGuire are advising on environmental matters. Partners Meyer Fedida and Maureen Linch and associate Jack Samuel are advising on tax matters. Counsel Cindy Resnick and associates Dean Luo and Ariana Croll are advising on real estate matters. Partner Chase Kaniecki and associate Alexi Stocker are advising on trade control matters. Senior attorney James Corsiglia is advising on compliance matters.