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A global leader in engineered metal products, Howmet Aerospace is poised to transform the aerospace, defense and commercial transportation industries.
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Howmet Aerospace is a leading manufacturer of high-performance engineered products for the aerospace and defense industries. The company, headquartered in Pittsburgh, Pennsylvania, United States, was established in 2020 when it separated from Arconic Inc. The history of Howmet Aerospace can be traced back to 1888 with the founding of the New Kensington Works, which later became Alcoa.
Over the years, Alcoa grew into one of the world's largest aluminum producers and diversified into manufacturing a wide range of aerospace components. In 2016, Alcoa split into two separate entities, with the aerospace business becoming Arconic Inc. In 2020, Arconic Inc.
Howmet Aerospace operates in various segments, including aerospace engines, airframe structures, fastening systems, and industrial gas turbines. The company specializes in engineered products made from advanced materials like titanium, aluminum, and nickel-based alloys. Some of its key products include turbine blades, aerospace fasteners, extrusions, forgings, and industrial gas turbine components.
With operations on a global scale, Howmet Aerospace has manufacturing facilities and offices in 26 countries, enabling it to serve customers worldwide. The company has several noteworthy subsidiaries, including Arconic Fastening Systems, Howmet Fastening Systems, and Howmet Refining Systems. Howmet Aerospace maintains a strong market position in the aerospace and defense industries.
The company is a trusted partner for major aerospace manufacturers and has a global customer base. It competes with companies like Boeing, Airbus, and other manufacturers in the aerospace supply chain. In terms of financial performance, Howmet Aerospace reported revenues of approximately $7 billion in 2020.
The company continues to focus on innovation, operational excellence, and customer collaboration to drive its growth and maintain its competitive position. As for recent updates, Howmet Aerospace has been actively involved in research and development efforts to advance additive manufacturing technologies. The company has also emphasized sustainability, aiming to reduce its environmental impact and improve energy efficiency.
In conclusion, Howmet Aerospace is a leading manufacturer of engineered products for the aerospace and defense industries. It has a rich history and operates globally, serving customers with a diverse range of high-performance aerospace components. The company maintains a strong market position and continues to innovate while prioritizing sustainability and environmental responsibility
Company Type
Public Company
Company Size
201-500
Year Founded
1949
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