Investment Thesis
Howmet Aerospace supplies engineered fasteners, structural components, and jet-engine parts critical to modern aircraft. Ramp-ups at Airbus/Boeing and defense programs drive multi-year growth with high operating leverage.
- Content Per Aircraft: Lightweight alloys and engineered fasteners increase shipset value.
- Engine Aftermarket: Thermal structures and rotating parts benefit from LEAP and GTF fleets.
- Operational Focus: Post-Arconic split, Howmet concentrates on aerospace and defense niches.