Howmet Aerospace (HWM)
Makes engineered metal components and fasteners for aircraft, gas turbines, and commercial vehicles.
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Howmet makes hard-to-replace metal parts for aircraft, power turbines and heavy trucks. Aircraft-engine components are the center of gravity; fasteners, airframe pieces and truck wheels round out the business. The growth push is toward more replacement engine parts and a much larger power-turbine business, while weaker structures work is being cut back.
Item facts: FY2025 · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
7 in detail · 8 more below
Commercial and Defense Aerospace Engine Products
Cast and shaped metal parts for aircraft engines form Howmet's core. GE Aerospace and RTX each account for 11% of company revenue, mostly here, so their production and replacement schedules carry unusual weight.
Competes with Castings, airfoils, rings and forgings (Precision Castparts, Berkshire Hathaway) · Investment castings (Consolidated Precision Products)
In plain English
Inside a jet engine, rows of carefully shaped metal blades sit in heat fierce enough to weaken ordinary metal. Howmet casts and presses those blades, rings and disks from blended metals made to withstand heat, then finishes them to fit approved engine designs.
Money first arrives when aircraft and engine makers order parts for new planes. Airlines eventually need replacements as flying hours and heat wear the parts down, so every engine placed in service can become years of repeat work. Changing supplier is slow because each part, tool and production method must be approved for that engine.
Commercial and Defense Aerospace Fastening Systems
Specialized bolts, rivets and installation tools brought in $1.38 billion in FY2025. The watchpoint is aircraft production and parts sellers' stocking: orders can shift even when the number of planes ultimately needed has not.
Competes with Aerospace fasteners (LISI Aerospace) · Aerospace fasteners (Precision Castparts, Berkshire Hathaway)
In plain English
A plane is held together by thousands of small pieces that cannot simply come from a hardware store. Howmet makes bolts, rivets, pins, nuts and the tools that install them, all shaped and tested for particular aircraft jobs.
Demand moves with factory work and repairs at Boeing, Airbus and Lockheed Martin, plus orders from parts wholesalers. Once a fastener and its installation method are approved, replacing them takes time and redesign work. That staying power helps Howmet, but a wholesaler can fill or empty its shelves ahead of the plane maker, making orders arrive unevenly.
Consolidated Aerospace Manufacturing
Bought in April 2026, CAM adds fasteners, tube connectors, latches and tubing to Howmet's aircraft-parts shelf. Its standalone FY2026 sales were forecast at $485–495 million; watch whether customer approvals and deliveries survive the handoff.
Competes with Aerospace fasteners (LISI Aerospace) · Aerospace fasteners and fittings (Precision Castparts, Berkshire Hathaway)
In plain English
The newest shelf in Howmet's parts store came from buying CAM. Its factories make more aircraft fasteners plus pieces that join fluid-carrying tubes, hold panels shut and route liquids or gases.
Those parts already serve plane makers and wholesalers on approved aircraft programs. Howmet now collects the sales and can offer a wider set of small, essential pieces through familiar customer routes. The handoff matters: approvals and deliveries must continue without interruption, while the cash borrowed for the purchase has to be supported by the acquired business.
Gas Turbine Engine Products
Heat-resistant parts for power-generating turbines are the clearest expansion bet. Management aims to lift annual sales from about $1 billion to above $2 billion within three to five years; complete power projects still move on schedules Howmet cannot control.
Competes with Industrial-turbine castings (Precision Castparts, Berkshire Hathaway) · Turbine castings (Consolidated Precision Products)
In plain English
Electricity can begin with what looks like a giant jet engine bolted to the ground. Burning gas spins rows of blades, and a generator turns that motion into power. Howmet supplies the heat-facing blades and other metal pieces that survive inside.
Sales come from new machines and replacements for worn parts, bought by turbine makers such as GE Vernova and Siemens Energy. Those customers have also settled plans with Howmet for factory room needed to make more. That supports expansion, but Howmet supplies only part of each machine; delays elsewhere in a turbine or power project can still hold back its shipments.
Commercial Aerospace Engineered Structures
Large shaped pieces for wings, airframes, engines and landing gear generated $765 million in FY2025. Howmet is dropping weaker jobs, so watch whether the work it keeps earns enough to justify the factory time, not whether every lost sale returns.
Competes with Titanium mill products and forgings (ATI High Performance Materials & Components) · Titanium products and forgings (VSMPO-AVISMA)
In plain English
Before an aircraft becomes a smooth shell, it needs strong metal bones. Howmet presses titanium and aluminum into large shapes for wings, bodies, engines and landing gear, then cuts some of them close to their finished form.
Each assembly line pulls these pieces from Howmet as a plane moves forward. Approval for a particular aircraft makes the relationship durable, but big parts consume costly metal, power and factory time. Howmet is walking away from some weaker jobs, choosing a smaller set that better rewards the difficulty of making them. That can reduce sales before it improves the business.
Defense Aerospace Engineered Structures
Structural metal parts for military aircraft are a smaller, steadier line. The F-35 drives about 45% of Howmet's defense-aerospace sales overall, so its build and repair pace matters across structures, engines and fasteners.
Competes with Titanium alloys and forgings (ATI High Performance Materials & Components) · Aerospace forgings (Aubert & Duval)
In plain English
Military aircraft need the same kind of strong metal skeleton as passenger jets, but the buyer's timetable begins with government programs. Howmet shapes and machines titanium, aluminum and specialty metals into airframe, engine and landing-gear parts.
The path to cash runs through large military suppliers and aircraft makers as approved programs turn budgets into builds or repairs. The approval history makes these parts difficult to swap, yet a funded program does not instantly become a shipment. Purchasing decisions, rules on overseas sales and customers' stockpiles can all move the order date away from the day Howmet is ready to produce.
Alcoa Wheels — Forged Wheels
Forged aluminum wheels are the sizable non-aircraft business. In Q2 FY2026, sales rose 14% while wheel volume fell 8%, showing how higher aluminum and tariff costs passed into customer prices can mask weaker demand.
Competes with Commercial-vehicle wheels (Accuride) · Speedline Truck wheels (Ronal Group)
In plain English
A forged wheel is squeezed into shape from aluminum rather than poured into a mold. That makes a lighter, strong wheel for heavy trucks and trailers, with special versions built to resist road damage or last longer at the rim.
New vehicles create one sale; large truck fleets create another when worn wheels need replacing. Contracts raise customer prices when aluminum or tariff costs rise, covering most of the material shock for Howmet. The catch is visual: sales dollars can climb even while fewer wheels leave the factory, so truck production and freight activity still decide the underlying demand.
Commercial and Defense Aerospace Engine ProductsCast and shaped metal parts for aircraft engines form Howmet's core. GE Aerospace and RTX each account for 11% of company revenue, mostly here, so their production and replacement schedules carry unusual weight.Cast and shaped metal parts for aircraft engines form Howmet's core. GE Aerospace and RTX each account for 11% of company revenue, mostly here, so their production and replacement schedules carry unusual weight.
In plain English
Inside a jet engine, rows of carefully shaped metal blades sit in heat fierce enough to weaken ordinary metal. Howmet casts and presses those blades, rings and disks from blended metals made to withstand heat, then finishes them to fit approved engine designs.
Money first arrives when aircraft and engine makers order parts for new planes. Airlines eventually need replacements as flying hours and heat wear the parts down, so every engine placed in service can become years of repeat work. Changing supplier is slow because each part, tool and production method must be approved for that engine.
Competes with Castings, airfoils, rings and forgings (Precision Castparts, Berkshire Hathaway) · Investment castings (Consolidated Precision Products)
Commercial and Defense Aerospace Fastening SystemsSpecialized bolts, rivets and installation tools brought in $1.38 billion in FY2025. The watchpoint is aircraft production and parts sellers' stocking: orders can shift even when the number of planes ultimately needed has not.Specialized bolts, rivets and installation tools brought in $1.38 billion in FY2025. The watchpoint is aircraft production and parts sellers' stocking: orders can shift even when the number of planes ultimately needed has not.
In plain English
A plane is held together by thousands of small pieces that cannot simply come from a hardware store. Howmet makes bolts, rivets, pins, nuts and the tools that install them, all shaped and tested for particular aircraft jobs.
Demand moves with factory work and repairs at Boeing, Airbus and Lockheed Martin, plus orders from parts wholesalers. Once a fastener and its installation method are approved, replacing them takes time and redesign work. That staying power helps Howmet, but a wholesaler can fill or empty its shelves ahead of the plane maker, making orders arrive unevenly.
Competes with Aerospace fasteners (LISI Aerospace) · Aerospace fasteners (Precision Castparts, Berkshire Hathaway)
Consolidated Aerospace ManufacturingBought in April 2026, CAM adds fasteners, tube connectors, latches and tubing to Howmet's aircraft-parts shelf. Its standalone FY2026 sales were forecast at $485–495 million; watch whether customer approvals and deliveries survive the handoff.Bought in April 2026, CAM adds fasteners, tube connectors, latches and tubing to Howmet's aircraft-parts shelf. Its standalone FY2026 sales were forecast at $485–495 million; watch whether customer approvals and deliveries survive the handoff.
In plain English
The newest shelf in Howmet's parts store came from buying CAM. Its factories make more aircraft fasteners plus pieces that join fluid-carrying tubes, hold panels shut and route liquids or gases.
Those parts already serve plane makers and wholesalers on approved aircraft programs. Howmet now collects the sales and can offer a wider set of small, essential pieces through familiar customer routes. The handoff matters: approvals and deliveries must continue without interruption, while the cash borrowed for the purchase has to be supported by the acquired business.
Competes with Aerospace fasteners (LISI Aerospace) · Aerospace fasteners and fittings (Precision Castparts, Berkshire Hathaway)
Gas Turbine Engine ProductsHeat-resistant parts for power-generating turbines are the clearest expansion bet. Management aims to lift annual sales from about $1 billion to above $2 billion within three to five years; complete power projects still move on schedules Howmet cannot control.Heat-resistant parts for power-generating turbines are the clearest expansion bet. Management aims to lift annual sales from about $1 billion to above $2 billion within three to five years; complete power projects still move on schedules Howmet cannot control.
In plain English
Electricity can begin with what looks like a giant jet engine bolted to the ground. Burning gas spins rows of blades, and a generator turns that motion into power. Howmet supplies the heat-facing blades and other metal pieces that survive inside.
Sales come from new machines and replacements for worn parts, bought by turbine makers such as GE Vernova and Siemens Energy. Those customers have also settled plans with Howmet for factory room needed to make more. That supports expansion, but Howmet supplies only part of each machine; delays elsewhere in a turbine or power project can still hold back its shipments.
Competes with Industrial-turbine castings (Precision Castparts, Berkshire Hathaway) · Turbine castings (Consolidated Precision Products)
Commercial Aerospace Engineered StructuresLarge shaped pieces for wings, airframes, engines and landing gear generated $765 million in FY2025. Howmet is dropping weaker jobs, so watch whether the work it keeps earns enough to justify the factory time, not whether every lost sale returns.Large shaped pieces for wings, airframes, engines and landing gear generated $765 million in FY2025. Howmet is dropping weaker jobs, so watch whether the work it keeps earns enough to justify the factory time, not whether every lost sale returns.
In plain English
Before an aircraft becomes a smooth shell, it needs strong metal bones. Howmet presses titanium and aluminum into large shapes for wings, bodies, engines and landing gear, then cuts some of them close to their finished form.
Each assembly line pulls these pieces from Howmet as a plane moves forward. Approval for a particular aircraft makes the relationship durable, but big parts consume costly metal, power and factory time. Howmet is walking away from some weaker jobs, choosing a smaller set that better rewards the difficulty of making them. That can reduce sales before it improves the business.
Competes with Titanium mill products and forgings (ATI High Performance Materials & Components) · Titanium products and forgings (VSMPO-AVISMA)
Defense Aerospace Engineered StructuresStructural metal parts for military aircraft are a smaller, steadier line. The F-35 drives about 45% of Howmet's defense-aerospace sales overall, so its build and repair pace matters across structures, engines and fasteners.Structural metal parts for military aircraft are a smaller, steadier line. The F-35 drives about 45% of Howmet's defense-aerospace sales overall, so its build and repair pace matters across structures, engines and fasteners.
In plain English
Military aircraft need the same kind of strong metal skeleton as passenger jets, but the buyer's timetable begins with government programs. Howmet shapes and machines titanium, aluminum and specialty metals into airframe, engine and landing-gear parts.
The path to cash runs through large military suppliers and aircraft makers as approved programs turn budgets into builds or repairs. The approval history makes these parts difficult to swap, yet a funded program does not instantly become a shipment. Purchasing decisions, rules on overseas sales and customers' stockpiles can all move the order date away from the day Howmet is ready to produce.
Competes with Titanium alloys and forgings (ATI High Performance Materials & Components) · Aerospace forgings (Aubert & Duval)
Alcoa Wheels — Forged WheelsForged aluminum wheels are the sizable non-aircraft business. In Q2 FY2026, sales rose 14% while wheel volume fell 8%, showing how higher aluminum and tariff costs passed into customer prices can mask weaker demand.Forged aluminum wheels are the sizable non-aircraft business. In Q2 FY2026, sales rose 14% while wheel volume fell 8%, showing how higher aluminum and tariff costs passed into customer prices can mask weaker demand.
In plain English
A forged wheel is squeezed into shape from aluminum rather than poured into a mold. That makes a lighter, strong wheel for heavy trucks and trailers, with special versions built to resist road damage or last longer at the rim.
New vehicles create one sale; large truck fleets create another when worn wheels need replacing. Contracts raise customer prices when aluminum or tariff costs rise, covering most of the material shock for Howmet. The catch is visual: sales dollars can climb even while fewer wheels leave the factory, so truck production and freight activity still decide the underlying demand.
Competes with Commercial-vehicle wheels (Accuride) · Speedline Truck wheels (Ronal Group)
Named in filings, launches and programs
- Commercial Transportation Fastening SystemsProduct lineFasteners for heavy trucks and trailers brought in $209 million in FY2025, tying this small line to vehicle production.
- General Industrial and Renewable-Energy FastenersProduct lineFasteners for construction, solar equipment and other industrial uses sit in the smaller remainder of the fastening business.
- Hot Isostatic Pressing and Machining ServicesServiceOutside customers pay Howmet to compress hidden gaps out of metal parts and cut them to finished dimensions.
- Other Engineered Structures ApplicationsProduct lineNon-aircraft structures work contributed $50 million in FY2025, a small tail beside the commercial and defense lines.
- Ergo-Tech Blind BoltProductAn aircraft bolt installed from one side, designed to cut installation time by 30–40%.
- Flite-Tite Fastening SystemProductAircraft fasteners designed to protect bodies made from layered materials when lightning strikes.
- Brunner ManufacturingBrand · RampingA 2026 purchase adding extra-long and wide bolts for heavy equipment, power turbines and large aircraft engines.
- Emerging Defense ProgramsCustomer program · Pre-revenuePossible future parts for missiles, drones and aircraft that fly alongside crewed fighters; not meaningful to FY2026 sales yet.
Commercial Transportation Fastening SystemsProduct line
Fasteners for heavy trucks and trailers brought in $209 million in FY2025, tying this small line to vehicle production.
General Industrial and Renewable-Energy FastenersProduct line
Fasteners for construction, solar equipment and other industrial uses sit in the smaller remainder of the fastening business.
Hot Isostatic Pressing and Machining ServicesService
Outside customers pay Howmet to compress hidden gaps out of metal parts and cut them to finished dimensions.
Other Engineered Structures ApplicationsProduct line
Non-aircraft structures work contributed $50 million in FY2025, a small tail beside the commercial and defense lines.
Ergo-Tech Blind BoltProduct
An aircraft bolt installed from one side, designed to cut installation time by 30–40%.
Flite-Tite Fastening SystemProduct
Aircraft fasteners designed to protect bodies made from layered materials when lightning strikes.
Brunner ManufacturingBrand · Ramping
A 2026 purchase adding extra-long and wide bolts for heavy equipment, power turbines and large aircraft engines.
Emerging Defense ProgramsCustomer program · Pre-revenue
Possible future parts for missiles, drones and aircraft that fly alongside crewed fighters; not meaningful to FY2026 sales yet.