Days after reporting sharply improved earnings for 2024, Howmet Aerospace CEO John Plant stated that any costs incurred by President Donald Trump’s sweeping tariffs will be passed on to customers.

On the February 13 annual earnings call, Plant said Howmet is well positioned to deal with the effects of the tariffs due to the strong contracts it has.

Pittsburgh-based Howmet is a Tier 2 supplier of fasteners, engines, aluminum and titanium structures, and other aircraft components to Airbus, Boeing and other OEMs.

Howmet operates four divisions: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

In early February, Howmet reported Fastening Systems revenue grew 17% to $1.6 billion in 2024. Segment adjusted EBITDA improved 46% to $406 million, while margin increased approximately 520 basis points year over year to 25.8%

Consolidated 2024 revenues rose 12%  to $7.4 billion, driven by 20% growth in the commercial aerospace market.