US Company Secures Funding for $2 Billion Aerospace Parts M&A through Corporate Bonds

Howmet Aerospace Inc. (ticker: HWM) announced on February 17 that it has priced a public offering of $1.2 billion in senior notes—split among maturities in 2028, 2029 and 2036—and plans to combine these proceeds with additional borrowings and cash on hand (equivalent to roughly KRW 1.6 trillion) to fund its $1.8 billion (about KRW 2.4 trillion) acquisition of Consolidated Aerospace Manufacturing. Subject to customary closing conditions, the bond issuance is expected to settle on March 3. In its February 12 release of full-year 2025 results, Howmet reported revenues of $8.3 billion (approximately KRW 10.8 trillion), double-digit profit growth and strong cash generation, noted completion of the Brunner Manufacturing acquisition and signing of the CAM deal, and provided 2026 revenue guidance of roughly 10% growth.

Following the 2025 results and 2026 guidance, Howmet’s stock has climbed to a 52-week high—reflecting robust aerospace demand and solid financial performance—and is up by double digits year to date, outpacing peers in the defense and aerospace sector. The board also approved a quarterly dividend of $0.12 per share in January, payable at the end of February, underscoring Howmet’s commitment to shareholder returns through both dividends and share repurchases.

Headquartered in Pittsburgh, Howmet Aerospace is a leading supplier of aerospace and transportation components. Its core products include jet-engine parts, aircraft structural components, high-performance fasteners and forged aluminum wheels for commercial vehicles, with most revenue generated from commercial and defense aerospace markets. As global aircraft production and defense spending expand, demand for precision components is rising, and M&A activity to broaden portfolios in areas such as fasteners and engine parts remains strong.