Howmet Aerospace

What Howmet Aerospace does

Howmet Aerospace Inc. (NYSE: HWM), headquartered in Pittsburgh, Pennsylvania, is a publicly traded advanced engineered components manufacturer serving the aerospace and commercial transportation industries. The company was created on April 1, 2020 when Arconic Inc. separated from Arconic Corporation, and was subsequently rebranded from Arconic Inc. to Howmet Aerospace. It operates four reporting segments: Engine Products (jet engine blades, vanes, and structural components, approximately $4.3 billion in 2025 revenue with 33.3% adjusted EBITDA margin), Fastening Systems (precision aerospace fasteners and fluid fittings, approximately $1.7 billion in 2025 revenue with 30.4% adjusted EBITDA margin), Engineered Structures (titanium and aluminum airframe structural components including F-35 parts, approximately $1.1 billion in 2025 revenue), and Forged Wheels (aluminum wheels for commercial trucks and trailers under the Alcoa Wheels brand, approximately $1.0 billion in 2025 revenue). Its technology base centers on advanced metallurgy in aluminum, titanium, and nickel-based superalloys, supported by approximately 1,170 granted and pending patents covering proprietary thermal barrier coatings, hot isostatic pressing (HIP), and precision manufacturing processes.

Howmet sells directly to major aerospace OEMs (Boeing, Airbus), engine manufacturers (GE Aerospace, Honeywell Aerospace, Raytheon Technologies/Pratt & Whitney), defense contractors (Lockheed Martin for the F-35 program, which represents approximately 45% of defense aerospace revenue), and commercial truck OEMs. The business model is direct enterprise sales under multi-year supply agreements, with pricing incorporating a Raw Material Surcharge (RMS) mechanism that adjusts for alloy price movements by grade and form. The company maintains a globally distributed manufacturing and sales footprint across 13 countries and serves end markets including commercial aerospace (approximately 53% of Q4 2025 revenue), defense aerospace (approximately 17%), industrial gas turbines (a growing segment benefiting from data center power demand), and commercial transportation. Aftermarket spares contributed approximately 21% of FY2025 revenue and grew approximately 33% year-over-year, providing a more recurring revenue stream tied to the global installed base.

In FY2025, Howmet generated record revenue of approximately $8.3 billion (up 11% YoY), record adjusted EBITDA of over $2.4 billion (up 26% YoY), record free cash flow of $1.43 billion (93% conversion of net income), and ended the year with net debt/EBITDA of approximately 1.0x. Q1 2026 revenue of $2.31 billion grew 19% YoY with adjusted EPS up 42% to $1.22 and adjusted EBITDA margin of 32.0%, prompting management to raise FY2026 revenue guidance to approximately $9.65 billion. The company is led by Executive Chairman and CEO John C. Plant, holds an investment-grade credit rating (A-/BBB+), and has executed two acquisitions in 2026: Brunner Manufacturing ($120 million, February 2026) and Consolidated Aerospace Manufacturing from Stanley Black & Decker ($1.8 billion, April 2026), both expanding the fastener portfolio.

Name

Howmet Aerospace

Legal name

Howmet Aerospace Inc.

Website

https://howmet.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Howmet Aerospace (NYSE: HWM) manufactures advanced engineered components for aerospace and transportation, including jet engine parts, aerospace fasteners, airframe structures, and forged aluminum wheels, serving OEMs Boeing, Airbus, Lockheed Martin, GE Aerospace, and major commercial truck makers.

Ownership category

akta.pro rank

Product category

Aerospace Engine and Structural Components

NAICS

Aircraft Engine and Engine Parts Manufacturing (336412), Aerospace Product and Parts Manufacturing (3364), Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413)

SIC

Aircraft & Parts (3720), Aircraft Engines & Engine Parts (3724)

akta.pro primary industry

Engine Modules & Hot-Section Components (Compressors/Turbines/Combustors) (IMABADAJ)

akta.pro secondary industries

Aerospace Fasteners & Hardware (IMABANAA), Metal Airframe Structures & Machined Parts (IMABAEAC)

Keywords

• Aerospace engine components
• Aerospace fastening systems
• Airframe structural parts
• Forged aluminum wheels
• Advanced aerospace alloys

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Engine Products: Revenue from jet engine components including blades, vanes, and structural parts for commercial and defense aerospace applications, as well as industrial gas turbines. This is the largest segment contributing approximately $4.3 billion in 2025 revenue.
2. Fastening Systems: Revenue from aerospace fastening systems including precision fasteners, fluid fittings, and other engineered products for aerospace and defense applications. Contributed approximately $1.7 billion in 2025 revenue.
3. Engineered Structures: Revenue from airframe structural components including titanium and aluminum parts for commercial and defense aerospace platforms. Contributed approximately $1.1 billion in 2025 revenue.
4. Forged Wheels: Revenue from forged aluminum wheels for commercial transportation (trucks and trailers). Contributed approximately $1.0 billion in 2025 revenue.
5. Aftermarket/Spares: Revenue from spare parts for jet engines and aerospace components. Spares growth was robust at approximately 33% for full year 2025, representing approximately 21% of total revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Howmet Aerospace manufactures advanced engineered components for the aerospace, defense, and commercial transportation industries through four operating segments: Engine Products (jet engine blades, vanes, and structural parts), Fastening Systems (precision aerospace fasteners and fluid fittings), Engineered Structures (titanium and aluminum airframe components), and Forged Wheels (aluminum wheels for commercial trucks and trailers). The company produces these components using advanced aluminum, titanium, and nickel-based alloys and proprietary processes such as Hot Isostatic Pressing and thermal barrier coatings, supplied primarily to major aerospace OEMs and defense contractors under long-term contracts.

Product overview

Howmet Aerospace is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The company's portfolio consists of four core segments operating as an integrated platform: Engine Products (jet engine components including blades and vanes), Fastening Systems (aerospace fasteners and hardware), Engineered Structures (airframe structural components), and Forged Wheels (aluminum wheels for commercial transportation). The company leverages approximately 1,170 granted and pending patents to deliver differentiated technologies that enable lighter, more fuel-efficient aircraft and commercial trucks. Recent acquisitions including Consolidated Aerospace Manufacturing (CAM) and Brunner Manufacturing have expanded the fastening systems portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• Alcoa Wheels: Lightweight forged aluminum wheel solutions for commercial transportation
• Howmet Engine Systems
• Howmet Structure Systems
• Howmet Fastening Systems
• Howmet Wheel Systems
• Flite-Tite Fasteners

Products and services

• Engine Products

Quantifiable outcome

• Q1 2026 revenue up 19% year-over-year to $2.31 billion
• +5 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and supporting.

• Stanley Black & DeckercoreOthers · 6 April 2026Howmet Aerospace acquired Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion in April 2026. The acquisition enhances Howmet's aerospace fasteners portfolio and positions the company to expand in the aerospace market. CAM was a wholly owned subsidiary of Stanley Black & Decker.
• Brunner Manufacturing Co. Inc.supportingOthers · 1 February 2026Howmet Aerospace acquired privately held Brunner Manufacturing Co. Inc. in February 2026 for approximately $120 million. The acquisition complements product offerings and enhances growth opportunities in industrial fasteners.

Scale indicators24 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Precision Castparts Corp (PCC): Berkshire Hathaway subsidiary that is the closest direct competitor to Howmet's Engine Products, producing investment-cast superalloy blades, vanes, and structural components for jet engines. Highly comparable in customer base (Boeing/Airbus/GE/Rolls), materials expertise, and product mix.
• Allegheny Technologies (ATI): Specialty materials producer of nickel-based alloys, titanium, and powder alloys used in jet engines and airframes. Competes with Howmet in aerospace materials and selectively in finished components for the same OEM customers.
• TransDigm Group: Aerospace components supplier serving the same OEM and aftermarket customers as Howmet. While focused more on proprietary mission-critical systems than raw castings, it competes for share of wallet on fastener and structural subassemblies and runs a comparable high-margin aerospace model.
• Hexcel Corporation: Advanced composites supplier for commercial aerospace and defense airframes and engines. Comparable to Howmet's Engineered Structures segment in serving airframe structural applications for Boeing, Airbus, and military platforms.
• Carpenter Technology Corporation: Producer of specialty alloys including titanium and nickel-superalloys for aerospace engine and airframe applications. Overlaps with Howmet's advanced materials business and supplies many of the same engine OEM customers.
• Curtiss-Wright Corporation: Aerospace and defense supplier of engineered components and systems, including structural parts and fasteners for defense aerospace. Overlaps with Howmet's defense aerospace and fastening systems exposure.

Broad incumbents

• Spirit AeroSystems: Major aerostructures Tier-1 supplier producing fuselage, wing, and propulsion structures for Boeing and Airbus. Operates at a higher level of assembly than Howmet's structural components but competes for the same airframe structural content on key platforms.
• Safran SA: European aerospace propulsion and equipment OEM (LEAP, CFM, etc.) that both supplies and competes with Howmet in jet engine component content. Comparable in advanced materials and propulsion technologies, but operates as a prime/engine integrator rather than a pure component supplier.

Emerging players

• Triumph Group: Aerospace structures and systems supplier focused on aerostructures, mechanical components, and aftermarket services. Comparable to Howmet's Engineered Structures segment but smaller scale; competes for similar airframe structural content.
• Moog Inc. Aerospace motion control and components supplier serving commercial and military aircraft programs. Adjacent to Howmet's component portfolio with partial overlap in defense aerospace and fastening-related subsystems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/howmetaerospace
• YouTubeyoutube.com/howmetaerospace
• Facebookfacebook.com/Howmetaerospace
• LinkedInlinkedin.com/company/howmet-aerospace
• Instagraminstagram.com/howmetaerospace

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Howmet Aerospace