Howmet Aerospace Inc.
American aerospace and industrial company providing advanced engineered solutions including jet engine components, fastening systems, titanium structures, and forged aluminum wheels.
Company Type
public
Founded
1926
Headquarters
Pittsburgh, Pennsylvania, USA
Stock
NYSE: HWM
About Howmet Aerospace Inc.
Who owns Howmet Aerospace?
Howmet Aerospace is a publicly traded company listed on NYSE (HWM) and owned by institutional investors, mutual funds, and individual shareholders. The company has no controlling shareholder and operates independently.
Howmet Aerospace is a publicly traded company listed on NYSE (HWM) and owned by institutional investors, mutual funds, and individual shareholders. The company has no controlling shareholder and operates independently.
Is Howmet Aerospace publicly traded?
Yes, Howmet Aerospace is publicly traded on the New York Stock Exchange under ticker HWM.
Yes, Howmet Aerospace is publicly traded on the New York Stock Exchange under ticker HWM.
What does Howmet Aerospace manufacture?
Howmet Aerospace manufactures jet engine components (turbine blades, vanes, rings), aerospace fastening systems, titanium airframe structures, and forged aluminum wheels for commercial transportation.
Howmet Aerospace manufactures jet engine components (turbine blades, vanes, rings), aerospace fastening systems, titanium airframe structures, and forged aluminum wheels for commercial transportation.
What is Howmet Aerospace's revenue?
In FY2024, Howmet Aerospace reported revenues of approximately $7.4 billion, up approximately 12% year-over-year, driven by strong commercial aerospace demand.
In FY2024, Howmet Aerospace reported revenues of approximately $7.4 billion, up approximately 12% year-over-year, driven by strong commercial aerospace demand.
When was Howmet Aerospace founded?
Howmet's roots trace back to 1926 when Austenal was founded. The company became Howmet in 1965 and was renamed Howmet Aerospace Inc. in 2020 following its separation from Arconic Inc.
Howmet's roots trace back to 1926 when Austenal was founded. The company became Howmet in 1965 and was renamed Howmet Aerospace Inc. in 2020 following its separation from Arconic Inc.
What is the CAM acquisition?
In December 2025, Howmet Aerospace announced an agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion. CAM manufactures aerospace fasteners and structural components, and the acquisition is expected to strengthen Howmet's fastening systems business.
In December 2025, Howmet Aerospace announced an agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion. CAM manufactures aerospace fasteners and structural components, and the acquisition is expected to strengthen Howmet's fastening systems business.
History of Howmet Aerospace Inc.
Howmet Aerospace's history spans nearly a century, tracing back to 1926 when Austenal was founded by Reiner Erdle and Charles Prange in Chicago to manufacture materials for dental appliances. The company pioneered investment casting technology, developing processes for creating precision metal parts using ceramic molds.
During the 1930s, Austenal expanded into aircraft engine superchargers when General Electric requested help improving manufacturing practices for wartime production. This marked the beginning of Howmet's long relationship with the aerospace industry.
In 1958, Howe Sound Company, a metals and mining business, acquired Austenal. In 1959, Howe acquired Michigan Steel Casting Co. (MISCO), which provided the monolithic shell process for ceramic shell casting. Howe Sound Company renamed itself Howmet in 1965, marking the transition from mining to precision metal products manufacturing.
Howmet was purchased by Pechiney, a French multinational aluminum company, in 1975. In 1995, Pechiney sold Howmet to a joint venture between Thiokol Corporation and The Carlyle Group. In 2000, Cordant Technologies (formerly Thiokol) sold its stake to Alcoa, which integrated Howmet into its Alcoa Industrial Components unit.
In 2016, Alcoa Inc. undertook a major corporate restructuring, spinning off its bauxite, alumina, and aluminum operations to create Alcoa Corp., while Alcoa Inc. was renamed Arconic Inc. Arconic focused on engineered products and solutions for aerospace, automotive, and other industries.
In February 2019, Arconic announced it would split into two separate publicly traded companies. Arconic Inc. was renamed Howmet Aerospace Inc., focusing on engineered aerospace products (jet engine components, fastening systems, titanium structures, and forged wheels). A new company called Arconic Corporation was spun out to focus on rolled aluminum products for automotive and industrial applications. The separation became effective on April 1, 2020.
Following the separation, Howmet Aerospace focused on its core aerospace and transportation businesses, benefiting from the recovery in commercial aviation following the COVID-19 pandemic.
In December 2025, Howmet Aerospace announced an agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion. CAM is a manufacturer of aerospace fasteners and structural components, and the acquisition is expected to strengthen Howmet's fastening systems business.
In FY2024, Howmet reported revenues of approximately $7.4 billion, up approximately 12% year-over-year, driven by strong commercial aerospace demand as airlines expanded their fleets and aircraft manufacturers ramped up production.
Brands Owned by Howmet Aerospace Inc.
Howmet Aerospace Inc. owns 1 brand in our database.
Stock Information
Howmet Aerospace Inc. Ownership: Pros & Cons
Advantages
- +FY2024 revenues of approximately $7.4 billion (+~12% YoY) demonstrate strong growth driven by commercial aerospace recovery
- +Leading position in jet engine investment casting, a technically demanding market with high barriers to entry
- +Long-standing relationships with GE Aerospace, Pratt & Whitney, and Rolls-Royce provide stable, recurring revenue
- +Commercial aerospace market is in a multi-year upcycle as airlines expand fleets and manufacturers ramp production
- +Pending CAM acquisition will strengthen fastening systems business and add scale
Considerations
- -Business is highly dependent on commercial aerospace demand, which is cyclical and was severely impacted by COVID-19
- -Boeing's production difficulties create uncertainty for Howmet's engine products and fastening systems segments
- -Aerospace component manufacturing requires significant capital investment and technical expertise
- -Competition from Precision Castparts Corp. (Berkshire Hathaway) and other well-resourced aerospace manufacturers
- -Pending CAM acquisition adds execution risk and integration complexity
Frequently Asked Questions About Howmet Aerospace Inc.
Who owns Howmet Aerospace?
Howmet Aerospace is a publicly traded company listed on NYSE (HWM) and owned by institutional investors, mutual funds, and individual shareholders. The company has no controlling shareholder and operates independently.
Is Howmet Aerospace publicly traded?
Yes, Howmet Aerospace is publicly traded on the New York Stock Exchange under ticker HWM.
What does Howmet Aerospace manufacture?
Howmet Aerospace manufactures jet engine components (turbine blades, vanes, rings), aerospace fastening systems, titanium airframe structures, and forged aluminum wheels for commercial transportation.
What is Howmet Aerospace's revenue?
In FY2024, Howmet Aerospace reported revenues of approximately $7.4 billion, up approximately 12% year-over-year, driven by strong commercial aerospace demand.
When was Howmet Aerospace founded?
Howmet's roots trace back to 1926 when Austenal was founded. The company became Howmet in 1965 and was renamed Howmet Aerospace Inc. in 2020 following its separation from Arconic Inc.
What is the CAM acquisition?
In December 2025, Howmet Aerospace announced an agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion. CAM manufactures aerospace fasteners and structural components, and the acquisition is expected to strengthen Howmet's fastening systems business.
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