Core Viewpoint - Howmet Aerospace Inc. has announced a definitive agreement to acquire Consolidated Aerospace Manufacturing, LLC for approximately $1.8 billion, enhancing its portfolio in the aerospace and defense sectors [1][7]. Financial Summary - The acquisition is expected to generate FY 2026 revenue of approximately $485 to $495 million, with an adjusted EBITDA margin exceeding 20% before synergies [2]. - The anticipated adjusted EBITDA transaction multiple for FY 2026 is approximately 13x, factoring in synergies and tax benefits [2]. Strategic Importance - The acquisition aligns with Howmet's strategy to expand its differentiated fastener portfolio, leveraging CAM's established brands and engineering capabilities to better serve aerospace and defense customers [3]. - The transaction is projected to close in the first half of 2026, pending customary closing conditions and regulatory approvals [3]. Advisory and Legal Support - J.P. Morgan Securities LLC is acting as the financial advisor for Howmet Aerospace, while Cleary Gottlieb Steen & Hamilton LLP is providing legal counsel for the transaction [4]. Company Overview - Howmet Aerospace is a leading global provider of advanced engineered solutions for the aerospace and transportation industries, focusing on jet engine components and aerospace fastening systems [5]. - The company holds approximately 1,170 granted and pending patents, enabling the development of lighter, more fuel-efficient aircraft and commercial vehicles [5].

Company Overview - ZJK Industrial Co., Ltd. is a high-tech precision parts and hardware manufacturer focused on sectors such as artificial intelligence infrastructure, consumer electronics, electric vehicles, and aerospace [4] - The company specializes in manufacturing precision fasteners, structural parts, and other precision metal components, with a strong emphasis on innovation and manufacturing excellence [4] Market Development - ZJK is ramping up production to meet the increasing demand from Nvidia's B40 project, which is a customized AI accelerator targeting the Chinese market [1][2] - The B40 chip is based on Nvidia's Blackwell architecture and aims at the mid-to-high-end market segment, with mass production expected to start as early as June 2025 [2] Growth Potential - The CEO of ZJK highlighted that the B40 project presents significant market advantages and is expected to complement Nvidia's RTX Pro 6000 workstation graphics cards [3] - Supply chain forecasts predict that B40 chip shipments could exceed one million units by the end of 2025, indicating substantial growth potential for ZJK as a supplier to Nvidia [3] - The company anticipates significant year-over-year revenue growth from this initiative, driven by the expanding AI sector [3]