Updated version 1 - Driven by strong demand for aircraft components, Howmet raises its annual performance forecast

Added stock price movement in the second paragraph, and background on aerospace market demand in the third paragraph.

Reuters, October 29 - Howmet Aerospace (HWM.N) raised its profit and revenue forecasts for 2026 on Thursday, benefiting from strong demand for engine components and industrial gas turbine parts from aircraft manufacturers.

The Pittsburgh, Pennsylvania-based company's share price rose 6% in pre-market trading.

As commercial aircraft manufacturers and defense contractors ramp up production, Howmet is benefiting from robust demand for engine components; meanwhile, the rapid growth of data centers in the artificial intelligence sector is also driving demand for gas turbine blades and vanes.

This U.S. aerospace casting and fastener supplier now expects adjusted earnings per share to be between $5.49 and $5.51, up from the previous forecast of $5.23 to $5.31 per share.

The company expects annual revenue to be between $10.29 billion and $10.31 billion, up from the previous forecast range of $10 billion to $10.1 billion.

(To facilitate non-native English speakers, Reuters provides automated translations of its reports into several other languages. Because automated translation may contain errors or lack desired context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for reader convenience. Reuters assumes no responsibility for any damages or losses resulting from the use of automated translation features.)