Aerospace supplier Howmet lifts forecast as jet production gathers pace

Howmet Aerospace on Thursday raised its annual profit and revenue forecasts, aided by higher demand for jet parts as planemakers ramp up production. Plane manufacturers are increasing their pace of production to cash in on a post-pandemic travel boom, benefiting parts suppliers such as Howmet, which counts Airbus SE and Boeing Co among its customers. Boeing last month said it intends to keep its 737 production ramp-up plan intact.