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Howmet Aerospace announces expansion to Wichita Falls facility. Posted: Sep 15, 2026 / 10:20 AM CDT Updated: Sep 15, 2026 / 10:42 AM CDT WICHITA FALLS (KFDX/KJTL) - A Wichita Falls manufacturing facility will soon get a multi-million-dollar expansion. Howmet Aerospace, a global leader in advanced engineered solutions for the aerospace and transportation industries, has announced new plans to fund an approximately $70 million expansion to its Wichita Falls facility. The expansion will add roughly 100,000 square feet, strengthen the facility's position in the global aerospace supply chain and bring 230 new full-time jobs to the site while retaining the almost 900 current employees. The new positions are expected to pay about $72,000 annually, providing high-quality career opportunities for Wichita Falls residents. "This is exactly the kind of investment we want to see in Wichita Falls - a company with a long history in our community choosing to invest, grow and create opportunity for the next generation of workers," said Moriah Williams, CEO of Forward Wichita Falls. "Howmet Aerospace has been an important part of our manufacturing story for decades, and this expansion is a powerful statement about the confidence they have in our workforce, our infrastructure and our community." The project stands for more than an expansion of physical space; it is also an investment in the role Wichita Falls plays as a nationally significant center for aerospace as well and reinforces the city as a competitive location for aerospace and advanced manufacturing. The Wichita Falls facility has been a key part of the community's aerospace manufacturing legacy spanning decades. Howmet's investment builds on the legacy that will position the facility for continued growth. "Howmet Aerospace is proud of our nearly five-decade-long presence in Wichita Falls," said Rodney Buchanan, Plant Manager. "We remain grateful to community leaders for their partnership and support for our continued growth." "This investment demonstrates the strength of the partnership between industry and the Wichita Falls community," Williams said. "When a company like Howmet makes a $70 million commitment and adds 230 new jobs while retaining the people already here, it tells us something important: Wichita Falls is not just a place where companies can operate - it is a place where companies can grow." The expansion is also expected to bring economic activity, such as construction, increased payroll, supplier activity and additional demand for local goods and services, throughout the Wichita Falls region. Construction and implementation of the expansion are expected to take place soon as Howmet advances the project. You can now stream KFDX and Texoma's FOX live 24/7 on your smart TV with KFDX+, our brand-new app! No antenna, cable, or satellite needed - watch for free, anytime. Just download it on your Roku, Apple TV, or Fire TV and start streaming.

GE Aerospace to spend nearly $12 billion to bring key castings supplier in-house. By Shivansh Tiwary Reuters Updated September 8, 2026 10:18 AM Gift Article Sept 8 (Reuters) - GE Aerospace said on Tuesday it would buy castings supplier Consolidated Precision Products from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion, as the aerospace giant seeks to boost in-house manufacturing capacity. Engine makers are racing to increase output and ease supply-chain risks as strong demand for new aircraft and aftermarket spare parts continues to drive orders. The acquisition, GE Aerospace's largest since it became a standalone company, brings a major supplier of precision castings in-house, giving it greater control over a critical segment of the jet-engine supply chain. "Investing in mission-critical casting capacity is needed to support the strong simultaneous demand across commercial engines, aftermarket and defense," GE Aerospace CEO Larry Culp said. "By combining GE Aerospace's technology capabilities and flight deck with CPP's manufacturing experience, we expect to expand capacity, improve performance and accelerate new engine technologies for the current fleet and next-generation platforms." The deal comes a few days after SpaceX CEO Elon Musk touted the company's ambitions to manufacture turbine blades to cater to its own power needs. The investment castings market is in "war games mode", Jefferies analyst Sheila Kahyaoglu said in a note. GE Aerospace shares were marginally down in morning trading, while smaller rival Howmet Aerospace fell 6%. VERTICAL INTEGRATION Engine makers have repeatedly complained about a shortfall of castings, which has weighed on production. CPP is one of the world's largest producers of investment and precision sand castings - metal components formed by pouring molten alloy into highly precise molds - and supplies parts for nearly every major current-generation commercial and military aircraft program, as well as helicopters, weapon systems and industrial gas turbines. About 70% of CPP's revenue comes from commercial and defense engines, while most of the remainder is generated by missiles and power-generation equipment. GE Aerospace, which will fund the deal with existing cash and new debt, expects demand for airfoils - precision-cast turbine blades and vanes that operate under extreme heat and are central to engine efficiency and durability - to rise more than 30% by 2030. The company said bringing CPP into the fold would more closely link airfoil design and production, shorten development cycles and improve manufacturing readiness as it ramps output. The deal, likely to close in the second half of 2027, is expected to boost GE Aerospace's adjusted profit per share and free cash flow in the first year. GE Aerospace is paying the equivalent of 26 times CPP's expected 2027 core profit, excluding anticipated integration benefits. Including those benefits, the deal values CPP at 18 times its projected 2027 EBITDA, or earnings before interest, taxes, depreciation and amortization. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Shilpi Majumdar) This story was originally published September 8, 2026 at 7:45 AM.

HWM stock sells off on SpaceX foundry news, then steadies on Deutsche Bank's top-idea call. Published: Sep 02 2026, 11:10 PM IST * FB * TW * Linkdin * Whatsapp * GNFollow Us Deutsche Bank analyst Scott Deuschle named Howmet his top idea in the original-equipment supply chain and kept a Buy rating with a $343 price target on Wednesday. * HWM fell 7.5% on Monday after Elon Musk said SpaceX would cast industrial gas turbine blades and vanes in-house, raising concerns that Howmet now has a new competitor in the sector. * Citi analyst John Godyn put Howmet on an "upside 30-day catalyst watch" on Tuesday while keeping a Buy rating. * Citi called the Monday slide a "unique and likely short-lived opportunity" to buy. Shares of Howmet Aerospace (HWM) swung sharply this week, posting their worst one-day drop in 16 months before bouncing on Tuesday and stabilizing on Wednesday, amid concerns about competition from SpaceX and positive Wall Street commentary, including Deutsche Bank naming the company its top original-equipment supply-chain idea. HWM fell 7.5% on Monday after Elon Musk said SpaceX would cast industrial gas turbine blades and vanes in-house, raising concerns that Howmet now has a new competitor in the sector. The stock then rebounded 4.1% on Tuesday. As of Wednesday afternoon, HWM stock is down 1% and about 5% from Friday's close. Latest bull case: Deutsche Bank makes Howmet its top supply-chain pick. Deutsche Bank analyst Scott Deuschle named Howmet his top idea in the original-equipment supply chain and kept a Buy rating with a $343 price target on Wednesday. He said the company's "relative business characteristics warrant a meaningful valuation premium" to peers. Deutsche's bull case points to 5% upside to Street 2026 earnings estimates, 17% for 2027, 31% for 2028, and 39% for 2029. The firm called the stock's valuation attractive at current levels. Monday's drop. Howmet is one of a handful of companies that can cast the blades and vanes that sit in the hottest part of a gas turbine. Elon Musk said over the weekend that labor is the bottleneck slowing the deployment of new turbines and that building them at a SpaceX foundry in Texas could bring units online as much as 18 months sooner. Investors feared a captive foundry could pull future orders off Howmet's books and ease the shortage that has supported prices as AI data centers drive power demand. Citi: the pullback looks short-lived. Citi analyst John Godyn put Howmet on an "upside 30-day catalyst watch" on Tuesday while keeping a Buy rating. He said Monday's drop followed SpaceX's plan to cast blades and vanes internally, but argued the news "reinforces the critical nature" of Howmet's parts and shows "exceptional demand." Citi called the slide a "unique and likely short-lived opportunity" to buy. Other firms, including Bernstein, also treated the move as a buying chance rather than a lasting threat, noting SpaceX is mainly serving its own power needs. Howmet's case rests on more than one customer, including GE Vernova, Siemens Energy, Mitsubishi Heavy Industries, Ansaldo, Solar Turbines, Baker Hughes, and GE Aerospace. Second-quarter revenue rose 24% to $2.55 billion, with adjusted earnings of $1.33 a share. Gas-turbine sales have been among its fastest-growing lines, and the company is adding blade capacity. It also supplies jet engine and airframe parts and has long-term turbine contracts extending to 2030. How did HWM retail traders react? On Stocktwits, retail sentiment around HWM stock remained 'bullish' over the past 24 hours, while message volume remained 'high.' HWM stock has gained 23% year-to-date. For updates and corrections, email newsroom[at]stocktwits[dot]com.< Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business. 0 Comments / 0 New