Arconic's Engineered Products and Forgings businesses (engine products, fastening systems, engineered structures and forged wheels) will be renamed Howmet Aerospace Inc. in April.
Tag "arconic"
January 06
02:46
2020
Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, is on track to separate its portfolio businesses by the second quarter of 2020.
December 10
00:24
2019
Third-quarter results included 8% organic gain “driven by aerospace engine, defense and commercial transportation growth.”
September 03
00:39
2019
In the months following the demise of a $10 billion buyout, Arconic and its new leadership team, including former TRW Automotive CEO John Plant, have “taken decisive steps to bring down costs and improve operations, which has led to improved quarterly results and a recovering stock that today trades above the rumored buyout price,” according to the Motley Fool.
August 06
21:02
2019
Arconic said it remains on track to separate its portfolio businesses by the fourth quarter of 2019, with EP&S (engine components, fastening systems, and engineered structures) and forged aluminum wheels to be named Howmet Aerospace Inc.
April 29
16:42
2019
Organic fastener segment revenue grew 7%, driven by aero engine and defense growth.
March 04
16:42
2019
Arconic has commenced plans to reduce operating costs by approximately $200 million on an annual run-rate basis.
February 04
04:14
2019
“We did not receive a proposal for a full-company transaction that we believe would be in the best interests of Arconic’s shareholders and other stakeholders,” stated company chairman John C. Plant.
August 07
18:48
2018
If a deal is reached, Arconic would become the second major aerospace fastener supplier to be acquired in recent months.
August 01
00:02
2018
Organic revenue was up 6%, “driven by volume growth in aerospace engines and defense.”
April 30
14:03
2018
“Volume growth in aerospace engines, defense and industrial more than offset the continued downturn in the industrial gas turbine market and headwinds in aerospace airframe production mix, related to fastening systems.”
March 22
01:05
2018
Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, has pledged to fill 35% of any vacancies with military veterans and the economically disadvantaged during its five-year agreement with the state.
February 26
01:44
2018
“Increased aerospace volume in both engines and airframes coupled with strong net cost savings more than offset unfavorable price and mix.”
October 23
12:54
2017
Blankenship is a 24-year veteran of General Electric who spent much of his career in its aviation and jet engine businesses, including running its commercial engine operations.
May 22
21:01
2017
Overall revenue for Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, increased 4.5%.
April 25
21:02
2017
Until Monday, Arconic’s board had stuck by Kleinfeld “as Elliott, billionaire Paul Singer’s hedge fund, accused him of financial underperformance, an ‘obsession’ with image, and wasteful spending on a Manhattan headquarters,” Bloomberg reports.
February 01
18:26
2017
Arconic includes Alcoa’s former $1.8 billion Fastening Systems and Rings business.
December 14
00:02
2016
Arconic to supply 3D printed nickel and titanium parts for Airbus airplanes under two new agreements.
