Howmet Aerospace Inc.
HWM-P
New York Stock Exchange Arca100.35
USD
-0.05
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Howmet Aerospace Inc.
HWM-P
(New York Stock Exchange Arca)
Recent
price
100.35
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Howmet Aerospace Inc. manufactures and markets engineered products for the aerospace and commercial transportation industries worldwide. The company operates four segments: Engine Products, which produces investment castings including airfoils, seamless rolled rings, and forged components primarily for aircraft engines and industrial gas turbines; Fastening Systems, which supplies aerospace, commercial transportation, renewable energy, and industrial fastening systems and installation tools; Engineered Structures, which provides titanium ingots, mill products, forgings, extrusions, and machined components for airframe, wing, aero-engine, and landing gear applications as well as aluminum and nickel forgings; and Forged Wheels, which offers lightweight forged aluminum wheels under the Alcoa Wheels brand featuring MagnaForce alloy and Dura-Bright surface treatment for heavy-duty trucks, buses, and trailers. Howmet serves commercial and defense aerospace markets accounting for approximately 68% of sales, commercial transportation representing 17%, and industrial gas turbines, oil and gas, and other sectors comprising the balance, with key customers including GE Aerospace and RTX Corporation; it maintains facilities in 19 countries including the United States, Canada, Mexico, France, Germany, Hungary, the United Kingdom, Japan, China, and Morocco. Founded in 1888 and headquartered in Pittsburgh, Pennsylvania, the company emerged from the 2020 separation of Arconic Inc. Recent developments include the October 2024 acquisition of Camcraft LTD to enhance capabilities, capacity expansions with new plants and tooling facilities in Michigan and Kentucky to support rising aerospace demand, a November 2025 debt offering priced for general corporate purposes, and credit rating upgrades from Moody's and Fitch in August and July 2024 respectively reflecting strengthened financial position.