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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.
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]
TechnipFMC was removed from the S&P 500 in anticipation of its announced spin-off of Technip Energies. [45] January 21, 2021: TRMB: Trimble: CXO: Concho Resources: S&P 500/100 constituent ConocoPhillips acquired Concho Resources. [46] January 7, 2021: ENPH: Enphase Energy: TIF: Tiffany & Co: LVMH Moet Hennessy-Louis Vuitton SE acquired Tiffany ...
In addition to 23% year-over-year growth in commercial aerospace revenue, Howmet's defense-based revenue (15% of sales in the first quarter) rose by 12% year over year.
Strong commercial aerospace demand fuels a big quarterly beat.
GE Aerospace: The analyst raised the price target to $235 from $212 while maintaining a Buy rating. Deuschle expects a 9% EPS beat GE and Howmet Poised for Strong Earnings as Aerospace Sector ...
On 1 November 2016, Alcoa fully separated its raw aluminum operation from business units that supply the aerospace and automotive markets. [49] [50] The spin-off retained is a newly created company Alcoa Corp. Kleinfeld remained as Arconic's chairman and CEO following the split.
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 ...