What Happened
Commercial Aerospace Drives Revenue Surge For Howmet
Howmet Aerospace Inc. continues to gain momentum, driven by strong growth in the commercial aerospace market. Revenues from this segment surged 28% year over year, accounting for 53% of total revenues. The increase in air travel and demand for fuel-efficient aircraft has led to higher demand for Howmet’s products. The company’s defense aerospace market also shows healthy momentum, driven by rising demand for engine spares and higher military spending. This article originally published on Zacks Investment Research.