R&D Insights: How Howmet Aerospace Inc. and Curtiss-Wright Corporation Allocate Funds

R&D Investment Trends: A Tale of Two Aerospace Giants

In the ever-evolving aerospace industry, research and development (R&D) is the lifeblood of innovation. Over the past decade, Howmet Aerospace Inc. and Curtiss-Wright Corporation have demonstrated contrasting strategies in their R&D investments. From 2014 to 2023, Howmet Aerospace's R&D spending saw a dramatic decline of nearly 71%, dropping from a peak in 2015 to a low in 2021. In contrast, Curtiss-Wright Corporation maintained a steady increase, with a 26% rise in R&D expenses over the same period. This divergence highlights Howmet's strategic shift, possibly reallocating resources to other areas, while Curtiss-Wright continues to prioritize innovation. As the aerospace sector faces new challenges and opportunities, these investment patterns may shape the future competitive landscape. Understanding these trends offers valuable insights into the strategic priorities of these industry leaders.