Howmet Aerospace Shares Drop After SpaceX Announces In-House Turbine Blade Casting Plans
Howmet Aerospace (HWM) shares fell as much as 7.7% to a two-month low after Elon Musk announced that SpaceX plans to cast natural-gas turbine blades and vanes in-house, potentially reducing reliance on specialized suppliers like Howmet. The move aims to address production bottlenecks currently benefiting companies such as Howmet by bringing the manufacturing process under direct control at SpaceX. This shift could disrupt supply chains for aerospace components traditionally handled by third-party manufacturers. Market reaction was swift and negative, reflecting concerns over reduced demand from a key customer in the high-profile space sector.
Tickers: $HWM
Topics: aerospace elons influence supply chain