By John Keilman

Stanley Black & Decker is further slimming its product lines with a $1.8 billion deal to sell its aerospace component business to Howmet Aerospace.

The business makes latches, quick-release pins and tube assemblies for commercial jets and the defense industry, but it is secondary to Stanley's bread-and-butter power tools and outdoor equipment businesses.

CEO Chris Nelson said the deal will reduce Stanley's debt and allow it to focus on its largest brands. Stanley said the aerospace components business will generate up to $415 million in revenue this year, while analysts expect revenue for the entire company to top $15 billion.

Stanley is increasingly focused on its three main tool brands- DeWalt, Stanley and Craftsman-and has signaled it is open to pruning other businesses. Stanley shares rose more than 5% in early trading.

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December 22, 2025 10:44 ET (15:44 GMT)

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