Howmet Aerospace's CEO, John Plant, stated on March 18, 2025, that the company is prioritizing long-term deals with customers. This strategy comes as the company observes fresh demand following a significant factory fire at SPS Technologies in February, which impacted the supply of specialized fasteners for planes.
Plant indicated that Howmet Aerospace plans to invest in expanding its production capacity specifically for customers who commit to long-term business agreements. This approach aims to ensure stable demand for its products and optimize capital deployment.
The decision reflects a strategic move to navigate ongoing supply chain pressures within the aerospace industry. By focusing on long-term partnerships and targeted capacity investments, Howmet Aerospace seeks to solidify its market position and support future aircraft production ramps.
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