Howmet Aerospace Inc. (HWM) Capitalizing on Strong Demand in Spare Parts Business

Howmet Aerospace Inc. (NYSE:HWM) is one of the best growth stocks to buy and hold forever. On September 4 at the Jefferies Mining and Industrials Conference 2025, the company reiterated its underlying growth despite industry-wide destocking and supply chain challenges.

According to CEO John Plant, the company is experiencing healthy growth in its spares business, attributed to strong demand for engine overhauls and turbine blade replacements. Likewise, Howmet is investing in capacity expansion with plans for new plants in Michigan and Kentucky to address the growing demand.

Capacity expansion should enable the company to meet higher production rates for Boeing and Airbus narrow-body aircraft, which are expected to remain high with further hikes anticipated in 2026. In the short term, the company is focusing on meeting market demand rather than automating its processes.

Howmet Aerospace Inc. (NYSE:HWM) designs, manufactures, and supplies high-performance engineered metal components for the aerospace, defense, and industrial gas turbine industries. Its products include engine components, such as airfoils and rings, as well as airframe structures, including bulkheads and spars, and fasteners.

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Disclosure: None. This article is originally published at Insider Monkey.