Howmet Aerospace Inc. (NYSE:HWM) Baird 2024 Global Industrial Conference November 13, 2024 1:00 PM ET
Company Participants
John Plant - CEO
Conference Call Participants
Peter Arment - Baird
Peter Arment
Good afternoon, everyone. Thank you for joining us. My name is Peter Arment. I'm the Senior Aerospace Defense Analyst here at Baird. We're delighted to have with us Howmet Aerospace this afternoon. And with us from Howmet Aerospace, we have John Plant, who's the Executive Chairman and Chief Executive Officer of Howmet. John, thank you for joining us.
John Plant
Nice to be here. Peter.
Peter Arment
It's great to have you. So we're going to jump right into Q&A. At a high level, I guess, John, it's been quite a year in aerospace. How are you thinking about commercial aerospace landscape as we're kind of exiting 2024, the overall health of kind of the supply chain, all things that you've kind of talked about. But anything that there's been like kind of a permanent damage to the global output of capabilities or leaving with the 2 plane makers?
John Plant
Okay. So first of all, welcome. I'm going to do my best to answer the question about plane makers, but that's a tough one, given what's been a pretty turbulent year this year. I think everybody knows that aircraft manufacturers would like to make more production than they're currently being able to do. And certainly, 2024 has been yet another year where, I'd say, production plans have not been fulfilled. And you get into -- so like why might that be?
Well, clearly, in the last month or 2, it's been because of strikes at Boeing. And prior to that is because of, let's say, a slowdown of production to improve quality with FAA oversight. And then if it's not that, then the word which is reached
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