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Arconic Inc. would be renamed Howmet Aerospace Inc. and a new company, Arconic Corporation, would be set up and spun out tax free from Arconic Inc. [30] The new Arconic Corporation would be focused on rolled aluminium products and Howmet Aerospace on engineered products. [31] The separation was completed effective April 1, 2020. [1] [32]
Spin-off entity Transaction value (in billions USD) Inflation adjusted (in billions 2022 USD) Ref 1 2024 General Electric Company: GE Aerospace, GE Vernova, GE Healthcare: 191 191 [1] 2 2008 Altria Group: Philip Morris International: 108 141 [2] [3] 3 2000 BCE: Nortel: 60 97 [3] 4 2013 Abbott Laboratories: AbbVie: 56 67 [3] 5 2015 eBay: PayPal ...
Howmet Aerospace Inc. is an American aerospace company based in Pittsburgh, Pennsylvania. The company manufactures components for jet engines, fasteners, titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks.
Howmet Aerospace Inc. (NYSE:HWM) reported fourth-quarter revenue growth of 9% year-over-year to $1.89 billion, surpassing the $1.879 billion consensus estimate. The increase was driven by a 13% ...
See the list of companies letting workers go in 2025. Layoffs and other workforce reductions are continuing in 2025, ... The company has laid off more than 21,000 workers since 2022.
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Aerospace components are in high demand, setting up a positive outlook for suppliers including Howmet Aerospace (NYSE: HWM). Howmet shares climbed 15.7% in January, according to data provided by S ...