Howmet Aerospace Sees Q3 Adj EPS $1.34-$1.36 vs $1.26 Est; Sees Sales $2.565B-$2.585B vs $2.472B Est

Can Long-Term Agreements Strengthen Hexcel's Growth Prospects?

Hexcel Corporation has secured expanded long-term supply agreements with Boeing across commercial, defense, and space programs, as well as a partnership with Deutsche Aircraft for advanced composite materials. These agreements provide better revenue visibility as the aerospace industry increasingly adopts lightweight composite materials amid rising aircraft production rates.

CNBC Halftime Report Final Trades: Valero Energy, Micron Technology, Flowserve, Howmet Aerospace

Bernstein Maintains Outperform on Howmet Aerospace, Raises Price Target to $328

Bernstein analyst Douglas Harned maintains Howmet Aerospace (NYSE:HWM) with a Outperform and raises the price target from $318 to $328.

Shares of aerospace and defense companies are trading lower. Reports suggest that Deputy Defense Secretary Steve Feinberg signed a memo proposing a software tool that would give the government direct access to defense companies' financial systems, potentially impeding commercial and nontraditional firms from doing business with the Pentagon.