Breakout Opportunity: Howmet Aerospace Benefits from Spare Parts Boom and High Industrial Demand

Howmet Aerospace (HWM) is a leading technology and manufacturing company for aviation and industry. The company is divided into segments: Engine Products, Fastening Systems, Engineered Structures, and Gas Turbines (IGT). Revenues come from original equipment (OE) deliveries, the spare parts business (MRO/Spares), and higher-margin specialty products. Howmet's business model combines piece revenue, subscription, and service revenues, as well as partial distribution margins. The company supplies leading aircraft manufacturers worldwide, such as Boeing...