Howmet falls 7.5% after SpaceX to cast its own turbine blades
HWM Howmet Aerospace Inc
$244.95 -7.51%
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- 1Howmet Aerospace (HWM) shares closed down 7.5% on Monday.
- 2Musk said SpaceX will cast its own gas turbine blades and vanes in Texas, accelerating operations by up to 18 months.
- 3Investors worried about a weakening of scarce supply advantages, while Bernstein called it an in-house power play and a buying opportunity.
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