An expanding defense budget is a growth catalyst for Howmet. While the commercial aerospace market has been the company's major driver, the industry's defense side has also been witnessing positive momentum, cushioned by steady government support. HWM's measures to reward its shareholders through dividend payments are noteworthy. In the first three months of 2024, Howmet paid out dividends worth $21 million and repurchased shares for $150 million. In September 2023, the company hiked its dividend by 25% to ...