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Shares of Howmet Aerospace experienced a sharp decline following Elon Musk's announcement that SpaceX intends to internally cast turbine blades for AI power generation. Analysts at Bernstein and Citi quickly pushed back, pointing to Howmet's entrenched market lead and long-term contracts.
ATI Inc. raised its full-year 2026 financial guidance following a strong second quarter that saw revenue climb 11% to $1.26 billion. Extended material supply deals in aerospace and naval defense support the company's long-term earnings outlook.
The U.S. Army has selected five defense and nuclear technology firms, including Antares Nuclear and Westinghouse, to construct microreactors across five domestic bases under the $2.2 billion Project Janus program.
