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Illustration: Aïda Amer/Axios

Stanley Black & Decker agreed to buy Consolidated Aerospace Manufacturing, a Fullerton, California-based aerospace parts maker, from private equity firm Tinicum for upwards of $1.5 billion.

Why it matters: CAM is a major supplier to Boeing, and around $200 million of the purchase price is contingent on the FAA authorizing the 737 MAX to return to service.

  • That's a pretty unusual sort of deal caveat, particularly given that CAM has no role on either side of the FAA's decision, and highlights how the MAX situation has negative impacts down the supply chain.

The bottom line: "Stanley Black & Decker has spent more than $10 billion on acquisitions in the last two decades, including the tools business of Newell Brands and the Craftsman brand of Sears... However, bulking up on tools has increased the company’s exposure to big-box retailers such as Home Depot and Lowe’s, which limits its bargaining power. The CAM deal would help it boost its engineered fastening and infrastructure business., writes Reuters' Joshua Franklin.

Go deeper: Boeing lost money in 2019 for the first time in 20 years

Go deeper

Tech scrambles to derail inauguration threats

Illustration: Sarah Grillo/Axios

Tech companies are sharing more information with law enforcement in a frantic effort to prevent violence around the inauguration, after the government was caught flat-footed by the Capitol siege.

Between the lines: Tech knows it will be held accountable for any further violence that turns out to have been planned online if it doesn't act to stop it.

Dave Lawler, author of World
2 hours ago - World

Uganda's election: Museveni declared winner, Wine claims fraud

Wine rejected the official results of the election. Photo: Sumy Sadruni/AFP via Getty

Yoweri Museveni was declared the winner of a sixth presidential term on Saturday, with official results giving him 59% to 35% for Bobi Wine, the singer-turned-opposition leader.

Why it matters: This announcement was predictable, as the election was neither free nor fair and Museveni had no intention of surrendering power after 35 years. But Wine — who posed a strong challenged to Museveni, particularly in urban areas, and was beaten and arrested during the campaign — has said he will present evidence of fraud. The big question is whether he will mobilize mass resistance in the streets.

Off the Rails

Episode 1: A premeditated lie lit the fire

Photo illustration: Sarah Grillo/Axios. Photo: Chip Somodevilla/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 1: Trump’s refusal to believe the election results was premeditated. He had heard about the “red mirage” — the likelihood that early vote counts would tip more Republican than the final tallies — and he decided to exploit it.

"Jared, you call the Murdochs! Jason, you call Sammon and Hemmer!”