• Howmet Aerospace shares have declined 22% over the past 30 days.
• The decline was driven by SpaceX's plan to cast its own gas-turbine blades in-house and GE Aerospace's acquisition of Consolidated Precision Products.
• Wall Street analysts have defended the stock, citing strong fundamentals and long-term supply agreements.
• Howmet's gas-turbine revenue grew 39% in the first quarter of 2026.

This decline may indicate investor concerns about Howmet Aerospace's competitive position in the aerospace supply chain. The announcements from SpaceX and GE Aerospace suggest a shift towards in-house production and vertical integration, which could potentially disrupt Howmet's business model. However, the company's strong fundamentals and long-term supply agreements may mitigate these risks.