Howmet Aerospace is trading 4.1% down at $211.00, as reports link its selloff to SpaceX plans for in-house gas-turbine blade and vane production.
- SpaceX says in-house casting could speed turbine deployment by up to 18 months, raising competitive concerns; Howmet shares reportedly fell nearly 8% on Monday after the announcement.
- Citi and Bernstein maintained Buy ratings, citing Howmet’s substantial share of industrial gas-turbine blade castings.
- Available reporting does not specifically establish a separate catalyst for the October 20 decline.