10 Defense and Aerospace Stocks To Benefit From Trump’s Peace Through Strength Policy

3. Howmet Aerospace Inc. (NYSE:HWM)

Howmet Aerospace Inc. is an advanced engineered solutions provider for the transportation and aerospace industries. The company operates through fastening systems, forged wheels, engine products, and engineered structure segments.

Howmet Aerospace can be considered an AI play in addition to its services to the aerospace industry. Its Industrial Gas Turbines are in demand due to AI and data center energy needs. Moreover, as the US and EU continue to move towards environment-friendly energy options, these turbines are likely to see an increase in demand. These two factors should continue to drive growth in this product.

HWM is also a beneficiary of the supply chain issues in the global aerospace industry. As airlines continue to rely on older aircraft, the need for their maintenance increases. This helps Howmet improve its aftermarket segment’s revenues. The company also raised its dividend by 25% last week. The only drawback is that the company is already at all-time highs, but why wouldn’t it be with such attractive growth prospects?