Howmet Aerospace Inc. has successfully acquired Consolidated Aerospace Manufacturing (CAM) for approximately $1.8 billion, financed through a strategic mix of debt including senior notes and commercial paper borrowings. This acquisition is poised to strengthen Howmet's position in the aerospace sector, as it continues to focus on advanced engineered components and works closely with major OEMs like Boeing and Airbus. Following the acquisition, Howmet received a 'Very Strong A' rating upgrade, with analysts predicting an 11% revenue growth and a 20.7% increase in earnings.
“Howmet Aerospace Inc. · was upgraded to · Very Strong · A”
“Howmet Aerospace Inc. · was upgraded to · Very Strong · A”
“Howmet Aerospace · is pursuing · the acquisition of Consolidated Aerospace Manufacturing”
“Howmet Aerospace · plans to fund the deal · with a mix of newly issued senior notes, commercial paper borrowings, and available cash”
“Howmet Aerospace · focuses on · engineered metal products for aerospace and industrial applications”
“Howmet Aerospace · is choosing to lean on · the balance sheet rather than equity”
“Howmet Aerospace · is taking on additional fixed rate debt · to fund the US$1.8b purchase of CAM”
“Howmet Aerospace · is working with major OEMs · like Boeing and Airbus”
“Howmet (HWM) · is on the list of · recommended stocks · true”
“Howmet (HWM) · carries · a top Zacks Rank · true”
“Howmet · historical EPS growth rate is · 40.4% · true”
“Howmet · EPS is expected to grow · 20.6% this year · true”