Alcoa Inc. (NYSE:AA) has completed the acquisition of aerospace fastener business of TransDigm Group Inc.

Alcoa Inc. (NYSE:AA) Acquisition Update

TransDigm Group Inc., is a global designer, producer and supplier of highly engineered aircraft components and this new business will form part of Alcoa Fastening Systems (AFS).

The President of Alcoa (NYSE:AA) Fastening Systems, Vitaliy Rusakov said that“This acquisition is a pivotal step in our strategy to expand our global footprint in the growing aerospace fastener market.”

Aloca Inc. (NYSE:AA) shares were at 16.3 at the end of the last day’s trading. There’s been a 16.5% change in the stock price over the past 3 months.

Aloca Inc. (NYSE:AA) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.34
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.41
Zack’s Rank: 2 out of 6 in the industry