Howmet Aerospace Inc., an American aerospace manufacturer located in Pittsburgh, Pennsylvania, has delayed its commercial jet deliveries due to the global COVID-19 pandemic.
The delays forced S&P Global Ratings to lower all of the company’s ratings.
Howmet engineers metal products, including fasteners and forged wheels for aerospace and defense, in the commercial transportation industry.
Original Equipment Manufacturers are being forced to dock their products amid the coronavirus crisis. The deferments stunt a flowing supply chain within the aerospace parts marketplace.
Delivery Delays and Lowered Ratings
After months of travel restrictions around the globe, the aerospace parts and manufacturing industry is beginning to feel the supply chain effects. Companies like H…