Howmet Aerospace Inc. HWM

Company Overview

Howmet Aerospace Inc. is a U.S.-based aerospace and industrial manufacturing company that produces advanced engineered components primarily for the aerospace, defense, commercial transportation, and industrial gas turbine markets. The company operates within the broader aerospace and precision engineering industries, with a business model centered on high-performance metallic components, fastening systems, forged wheels, and engineered structures. Revenue is driven largely by sales to commercial aerospace original equipment manufacturers (OEMs), aircraft engine manufacturers, defense contractors, and aftermarket service providers. Major customers have included companies such as Boeing, Airbus, RTX, GE Aerospace, Lockheed Martin, and Rolls-Royce, according to public filings and investor disclosures.

The company traces its origins to the aluminum operations historically associated with Alcoa. In 2016, Alcoa separated into two publicly traded entities: Alcoa Corporation and Arconic Inc. Following further restructuring, Arconic separated its engineered products and forgings businesses into Howmet Aerospace in 2020, while the remaining rolled products business retained the Arconic name before later being acquired by Apollo Global Management. Howmet Aerospace positions itself as a supplier of mission-critical aerospace components with high switching costs, proprietary manufacturing expertise, long-term OEM relationships, and significant exposure to the growing global commercial aerospace fleet and aftermarket demand.