Key Takeaways HWM saw 8% growth in commercial and 21% rise in defense aerospace revenues in Q2 2025.HWM hiked its dividend twice in 2025 and has $1.8B remaining in share repurchase authorization.HWM's commercial and defense growth, shareholder returns and solid estimates make it the smarter buy over TXT.Howmet Aerospace Inc. (HWM) and Textron Inc. (TXT) are two familiar names operating in the aerospace and defense industry. As rivals, both companies are engaged in producing highly engineered aircraft compon ...

Howmet Aerospace Inc. (HWM) is benefiting from strong demand in the defense aerospace market, which has become an important growth pillar alongside the commercial aerospace market.In the second quarter of 2025, revenues from the defense aerospace market climbed 21% year over year, which accounted for 17% of HWM’s total sales. This followed a 19% increase in the first quarter. This growth was driven by robust demand for engine spares, especially for the F-35 program, as well as new builds and spare parts for ...

公司业绩表现 - 2025年第二季度防务航空航天市场收入同比增长21% 占总收入比重17% [1] - 工程结构部门收入同比增长5% 受益于防务航空航天需求增长 [2] - 公司股价过去一年上涨78.7% 远超行业12.1%的增长率 [7] 市场需求与合同 - F-35项目发动机备件需求强劲 新型战机及传统战斗机部件订单增加 [1] - 2026财年国防拨款法案通过8315亿美元预算 为公司提供更多合同机会 [3] - 基于F-35项目动能和政府支持 防务航空航天市场未来季度增长前景良好 [4] 同业竞争态势 - 德事隆集团获得突尼斯空军12架贝尔412EPX直升机合同 与泰国航空工业合作支持泰国皇家空军 [5] - GE航空航天获得美国空军50亿美元F110发动机供应合同 第一季度获得美国陆军无限期交付合同 [6] 估值与预期 - 公司远期市盈率42.73倍 高于行业平均27.25倍 [10] - 2025年盈利预期持续上调 60天内Q1预期从0.87美元升至0.90美元(+3.45%) Q2从0.89美元升至0.95美元(+6.74%) [13] - 全年盈利预期从3.46美元升至3.57美元(+3.18%) 次年预期从4.10美元升至4.28美元(+4.39%) [13]