What Happened
Aerospace Company Boosts Outlook, Announces $5 Billion Share Buyback
Howmet Aerospace has announced a raised full-year outlook for 2026, with revenue expected to reach $10.290-10.310 billion and adjusted earnings per share of $5.49-5.51. The company has also unveiled its first revenue guidance for 2027, targeting approximately $11.5 billion in sales. Additionally, Howmet Aerospace’s board has approved a $5 billion share buyback program, which may signal a shift in the company’s capital allocation strategy. This news was first reported by an unknown source.