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. Major institutional shareholders include Vanguard Group, BlackRock, and State Street.

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. The company also produces components for industrial gas turbines used in electricity generation.

What is Howmet Aerospace's revenue?
In FY2025, Howmet Aerospace reported record revenue of $8.3 billion, up 11% year-over-year. Adjusted EBITDA was $2.4 billion (up 26%), adjusted EPS was $3.77 (up 40%), and free cash flow was a record $1.43 billion. For FY2026, the company guides to revenue of $9.0 to $9.2 billion.

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 announced an agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion in an all-cash transaction. CAM manufactures precision fasteners, fluid fittings, and other engineered products for aerospace and defense. The acquisition closed on April 6, 2026, and is expected to generate FY2026 revenue of approximately $485 to $495 million with adjusted EBITDA margin in excess of 20% before synergies.

Who is the CEO of Howmet Aerospace?
John Plant serves as Executive Chairman and CEO of Howmet Aerospace. He has led the company since its separation from Arconic in 2020.

Does Howmet pay dividends?
Yes, Howmet pays quarterly dividends on its common stock. In FY2025, the company paid $0.44 per share in dividends (up approximately 70% YoY). The Q4 2025 dividend was $0.12 per share, up 50% year-over-year. In Q2 2026, the dividend was increased by 17% to $0.14 per share. The company also repurchased $700 million of common stock in FY2025.

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 October 2024, Howmet acquired Camcraft Ltd., a manufacturer of precision machined components for aerospace and industrial gas turbine engines. In December 2025, Howmet announced an agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion in an all-cash transaction. CAM is a leading global designer and manufacturer of precision fasteners, fluid fittings, and other complex, highly engineered products for aerospace and defense applications. The acquisition closed on April 6, 2026, strengthening Howmet's fastening systems business. In 2026, Howmet also acquired Brunner Manufacturing, another fastener producer.

In FY2025, Howmet delivered record performance across all metrics. Revenue reached $8.3 billion, up 11% year-over-year, driven by commercial aerospace (up 12%), defense aerospace (up 21%), and gas turbines (up 25%). Adjusted EBITDA was $2.4 billion (up 26%), adjusted EBITDA margin expanded 350 basis points to 29.3%, and adjusted EPS was $3.77 (up 40%). Free cash flow was a record $1.43 billion. The Engine Products segment added approximately 1,445 net new employees to support future growth.

Howmet Aerospace maintains environmental, social, and governance initiatives across its global manufacturing operations. The company focuses on reducing environmental impact through energy efficiency, waste reduction, and responsible sourcing of materials.

The company's manufacturing operations are subject to strict quality and safety regulations from the Federal Aviation Administration (FAA) and other aviation authorities, as its components are used in safety-critical aircraft systems. Howmet maintains rigorous quality control processes to meet these standards.

In 2025, Howmet annuitized the remainder of its UK pension plan, reducing pension-related obligations. The company invests in workforce development, adding approximately 1,445 net new employees in the Engine Products segment alone in FY2025 to support growth.

Howmet Aerospace faces regulatory scrutiny related to supply chain challenges in the aerospace industry. Boeing's production difficulties, including issues with the 737 MAX and 787 Dreamliner programs, have affected demand patterns for Howmet's components. CEO John Plant stated that while Howmet could meet Boeing and Airbus targets to ramp up narrowbody output, immediately meeting additional demand from widebody production growth would be a challenge.

The company's manufacturing operations are subject to strict quality and safety regulations from the FAA and other aviation authorities worldwide, as its components are used in safety-critical aircraft systems.

The CAM acquisition from Stanley Black & Decker received regulatory approvals and closed in April 2026. The acquisition further consolidates the aerospace fastening systems market, which may attract ongoing regulatory attention.

A fire at a Pennsylvania factory in 2024 disrupted critical aerospace fastener supply, highlighting supply chain vulnerabilities in the industry. Howmet's acquisitions of CAM and Brunner Manufacturing partly address this supply gap.