Arcline Investment Management is set to acquire aerospace company Kaman for $1.8 billion.

Kaman will become a wholly owned subsidiary of Arcline and will delist from public stock exchanges.

Shareholders will receive $46 per share in cash, more than double the closing stock price.

The acquisition may have significant impact on the aerospace industry but faces potential regulatory challenges.

Analysts view the deal as beneficial for Kaman, aiding its return to growth post-2023.

The acquisition is expected to conclude in the first half of 2024, with Arcline assuming Kaman's profitability challenges.