Howmet Aerospace

Howmet Aerospace Inc. is a global leader in engineered metal products that serves the aerospace, defense, and commercial transportation industries. Based in Pittsburgh, Pennsylvania, the company manufactures critical components for jet engines, aerospace fastening systems, titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks. With operations spanning 27 facilities across the United States, Canada, Mexico, France, the United Kingdom, China, Brazil, Hungary, and Japan, Howmet combines metallurgical expertise in titanium and aluminum with vertically integrated manufacturing capabilities.

The company holds the number one global position in aerospace fastening systems and is the North American leader in commercial transportation fasteners. Howmet excels in producing more than 90 percent of all structural and rotating aero engine components and invented over 90 percent of all aluminum alloys that have flown. Their advanced manufacturing capabilities include vacuum-melted superalloys, precision machining, investment castings, advanced coatings, seamless rings, forgings, titanium extrusions, hot isostatic pressing, and performance coatings.

Howmet Aerospace's heritage traces back multiple lineages, including the Pittsburgh Reduction Company founded in 1888 and Austenal founded in 1926. The company evolved through various ownership structures, including Pechiney, Alcoa, and Arconic, before emerging as an independent publicly traded company on April 1, 2020, following Arconic's strategic separation. In fiscal year 2024, Howmet Aerospace reported revenues of approximately $7.4 billion, a 12 percent increase year-over-year, with adjusted EBITDA exceeding $1.9 billion. The company employs approximately 23,930 people worldwide and maintains a market capitalization of approximately $76 billion, demonstrating exceptional growth with a 102 percent stock price increase in 2024.

The company is positioned at the forefront of enabling next-generation fuel-efficient and quieter aerospace engines, cleaner power generation, and sustainable ground transportation. With strong demand across commercial aerospace, defense aerospace, and industrial markets, Howmet continues to invest in capacity expansion and technological innovation to support the growing needs of its global customer base.