Why Elon Musk, Larry Culp and Wall Street Love Castings and Forgings
Blades and vanes used in aeroderivative engines, such as this one last year at IGT leader Mitsubishi Power, share core designs with those in aeroengines, giving casting providers such as Howmet Aerospace two surging end markets to sell into.
Credit: Mitsubishi Power
Howmet Aerospace Chairman and CEO John Plant gets no relief these days. Whether it is a celebrity billionaire talking about jumping into Howmet’s core market one week, or the leading aeroengine OEM swallowing a smaller rival of Howmet’s in a vertical-integration play the next week, it seems everyone...
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