Howmet Aerospace Inc. Overview
Pro stress-test →Howmet Aerospace is a provider of advanced engineered solutions for the aerospace and transportation industries, with segments including Engine Products, Fastening Systems, Engineered Structures and Forged Wheels. Once a division of the aluminum giant Alcoa, Howmet is now the world's leading provider of advanced engineered solutions for jet engines and airframes.
Strategic Profile
Pro stress-test →Howmet operates a vertically integrated business model centered on "high-moat" components that are mission-critical, with parts that must withstand extreme temperatures (over 3,000°F) and pressures that would melt standard metals. Howmet provides over 90% of the structural and rotating parts for modern jet engines, including those for the CFM LEAP and Pratt & Whitney GTF engines.
Competitive Landscape
Pro stress-test →Howmet's main competitor Precision Castparts (a Berkshire Hathaway unit) faced production delays in late 2025, allowing Howmet to gain pricing power and market share. The company's proprietary metallurgy and manufacturing processes, combined with its 90%+ market share for critical engine components, create significant competitive barriers. Other aerospace suppliers like TransDigm, Arconic, and Spirit AeroSystems operate in related segments but with lower technological moats.
Industry Context
Howmet Aerospace Inc. operates in Aerospace & Defense - Specialized Components Manufacturing.
Key facts
Founded: 2020 · Headquarters: Pittsburgh, US · Revenue: $8.3B · Market cap: $56B