Core Insights - Howmet Aerospace Inc. (HWM) is experiencing significant growth, particularly in the commercial aerospace sector, which accounted for 52% of total revenues in Q1 2025, with a year-over-year revenue increase of 9% [1][9] Group 1: Commercial Aerospace Market - The demand for wide-body aircraft is rising due to increased air travel, leading original equipment manufacturers (OEMs) to boost their spending [2] - The growth in the commercial aerospace market is also driven by the demand for fuel-efficient aircraft and the recovery of Boeing 737 MAX production, which is expected to enhance demand for HWM's products [3][9] - HWM's peers, such as RTX Corporation and GE Aerospace, are also reporting strong growth in the commercial aerospace market, with RTX achieving 8% organic sales growth and GE benefiting from solid demand for its engines [5][6] Group 2: Defense Aerospace Market - The defense aerospace market is showing positive momentum, driven by increased demand for engine spares, particularly for the F-35 program, and rising military budgets [4] Group 3: Financial Performance - HWM's stock has surged 127.8% over the past year, significantly outperforming the industry average growth of 17.2% [8] - The company is currently trading at a forward price-to-earnings ratio of 47.53X, which is above the industry average of 26.71X [11] - The Zacks Consensus Estimate for HWM's earnings has been increasing over the past 60 days, indicating positive market sentiment [12]

2025年7月4日，正当美国人庆祝独立日、燃放烟花时，柬埔寨政府悄然发布了一条重磅消息：他们和美国成功达成了一项贸易协议，赶在特朗普关税"宽限 期"最后5天内签约。这座人口不到1700万的小国，成为继越南、英国之后又一个"排队签字"的经济体，迅速从这个全球焦点中"抢占"了属于自己的一席之 地。 讽刺的是，柬埔寨65%的服装原料和越南70%的电子零件都来自中国。这个协议要求柬埔寨一方面要保住美国市场，另一方面又要切断与中国供应链的联 系，等于是在"自断手脚"。在洪玛耐政府提出"2030年成为中高收入国家"这一宏大目标的背景下，柬埔寨一年内签下了237个外资项目，吸引了60亿美元投 资。但在签下这份协议后，柬埔寨经济的自主性将大大缩水。一个令人震惊的数据是：2024年柬美贸易额将达到130亿美元，柬方的顺差达到127亿美元，但 新协议要求柬埔寨扩大进口美国农产品来平衡逆差，这一"让利"的生意，最终变成了"割肉"的买卖。 与此同时，2025年7月4日，正是柬埔寨与美国快速签署协议的同一天，特朗普政府却对中国做出了三项关键性让步。首先，解禁了中国大飞机的心脏——美 国通用电气公司获准恢复向中国的C919、C929客机 ...

第一财经记者今日从知情人士处获得确认， 美国已经同意GE航空航天集团等美国相关飞机零部件企 业，恢复向中国供应飞机发动机等关键零部件。 6月份，美国商务部暂停了部分美国公司向中国出售产品和技术的许可证，这些产品和技术被用于制 造国产C919飞机。 对于媒体询问美国恢复EDA软件、乙烷、飞机发动机等产品对华出口，商务部新闻发言人今日表 示，中美伦敦经贸会谈后，双方于近期确认了落实两国元首6月5日通话重要共识和巩固日内瓦经贸 会谈成果的具体细节。目前，双方团队正在加紧落实伦敦框架有关成果。中方正依法依规审批符合条 件的管制物项出口许可申请。美方也采取相应行动，取消对华采取的一系列限制性措施，有关情况已 向中方作了通报。 2025.07. 04 本文字数：1494，阅读时长大约3分钟 作者 | 第一财经 陈姗姗 一个月前被暂停出口中国的美国发动机等飞机零部件，开始恢复出口。 另据记者了解，4月份一度暂停接收的波音飞机，目前也已恢复交付中国的航空公司。 国产C919发动机恢复供应 目前，国产飞机C919所使用的发动机，航电系统等都与美国有关，比如发动机是由美国GE航空航 天集团与法国赛峰集团合资生产的LEAP-1C， ...

Group 1 - The export of American aircraft engines and components to China has resumed after a previous suspension, confirming the restoration of supply from companies like GE Aviation [2] - The C919 aircraft's delivery was not significantly impacted by the suspension of engine exports in June due to existing inventory held by COMAC [1][4] - The LEAP-1C engine, produced by a joint venture between GE Aviation and Safran, is the only overseas powerplant for the C919, highlighting the reliance on foreign technology in China's aviation sector [4] Group 2 - Boeing has resumed the delivery of aircraft to Chinese airlines, including the Boeing 737 MAX and 787, which had been temporarily halted due to trade tensions [3][6] - The exemption of tariffs on aircraft and certain engine components allows Chinese airlines to import planes at previous tax rates, which are 5% for narrow-body and 1% for wide-body aircraft [7] - In 2018, Boeing delivered a quarter of its new aircraft to China, indicating the significance of the Chinese market for Boeing's business [7] Group 3 - The Changjiang-1000A engine, China's first fully independent turbofan engine, is currently undergoing flight testing and awaits certification for commercial use [5] - The Chinese government has emphasized the need for self-sufficiency in aviation engine development, as highlighted in the "13th Five-Year" national strategic emerging industries development plan [4]

【文/观察者网 刘程辉】路透社7月4日援引消息人士的话称，美国政府3日向通用电气航空发出通知， 可以恢复向中国商用飞机有限责任公司出口喷气发动机。 报道形容，这是中美贸易紧张局势缓和的又一迹象。本周，美国还取消了向出口中国芯片设计软件和乙 烷的限制，显示两国之间的贸易谈判正在取得进展。 民航工作者、民航业评论员张仲麟对观察者网表示，本次美国解除禁售是意料之中的事，充分展现了本 届特朗普政府的善变以及极大的不确定性，符合前期对于禁售不会持续很久的判断。虽然本轮禁售解 除，但是C919的国产化进程将会持续推进，配套国产发动机也将加快发展。 "不止一家航空企业对华出口限制被解除" 消息人士透露，此次恢复的出口许可涵盖通用电气航空为商飞C919单通道客机提供的LEAP-1C发动 机，这是通用电气与法国赛峰集团的合资产品；以及为C909支线飞机提供的CF34发动机。因未被授权 公开发言，该人士要求匿名。 资料图：C919使用的LEAP-1C发动机 另一位知情人士表示，除了通用电气之外，至少还有一家航空企业的对华出口许可证限制也于3日被解 除。 霍尼韦尔航天同样为C919提供了辅助动力系统、轮胎和刹车系统、飞控系统和导航 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - In June, the company delivered 48,006 vehicles, representing a year-on-year increase of 138.6% and a month-on-month increase of 6.5% [2][5] - The company aims for a sales target of 500,000 vehicles in 2025, with expectations for continued rapid growth [9] - The partnership with Stellantis allows for a light asset overseas expansion, enhancing global sales potential [9] Summary by Sections Sales Performance - In the first half of the year, the company achieved cumulative deliveries of 222,000 vehicles, a year-on-year increase of 155.7% [9] - The strong demand for new vehicles and the upcoming launch of the B01 model, which began pre-sales on June 29, are expected to drive future sales growth [9] Strategic Partnerships - The company signed a carbon credit transfer agreement with Stellantis, with a transaction cap of 1.5 billion [9] - This agreement involves the transfer of carbon credits generated from the sale of Leapmotor brand electric vehicles in the EU and UK markets [9] Product Development and Market Strategy - The company plans to launch 2-3 new products globally each year over the next three years, with the B01 model already in pre-sale [9] - The company has established a strong domestic and international sales network, with 942 stores in China and over 600 sales and service points overseas [9] Financial Outlook - The company is expected to see significant improvements in financial metrics due to the increasing proportion of high-priced models and a strong new vehicle cycle [9] - Projections for vehicle sales in 2025, 2026, and 2027 are 570,000, 890,000, and 1,210,000 respectively [9]

This niche quantum computing play could remain a divisive investment.D-Wave Quantum (QBTS 7.96%), an early mover in the quantum computing market, went public by merging with a special purpose acquisition company (SPAC) on Aug. 22, 2022. It started trading at $10, but it sank to a record low of $0.41 on May 12, 2023. At the time, its persistent dilution, steep losses, and sky-high valuation all drove away its investors. Rising interest rates and threats of a potential delisting made its volatile stock even l ...

Key Takeaways RGTI builds gate-based quantum systems with modular design and aims to launch a 108-qubit chip by 2025. QBTS leverages annealing-based systems in enterprise use cases and is moving toward gate-model capabilities. QBTS' stock is up 74.2% YTD versus RGTI's 22.3% decline, with stronger 2025 sales and earnings growth.As quantum computing evolves from theory to commercialization, two distinct visions are emerging. Rigetti Computing (RGTI) and D-Wave Quantum Inc. (QBTS) represent divergent paths t ...

Key Takeaways QBTS posted 509% revenue growth in Q1, led by the first Advantage2 sale to Julich Supercomputing Center. The Advantage2 system boasts 4,400 qubits and key upgrades, enabling advanced real-world applications. A second Advantage2 deployment at Davidson Technologies highlights traction in the U.S. defense sector.D-Wave Quantum’s (QBTS) standout growth catalyst this quarter is the successful launch and commercial deployment of its next-generation Advantage2 quantum annealer. In the last-reported ...

Markets have continued to grind upward despite the short-lived Israel-Iran war, the Fed’s pause on interest rate cuts and what feels like seemingly bearish headlines every day.With stocks determined to keep climbing, albeit slowly, I looked for a company that will have strength going forward, and landed on semiconductor giant Micron Technology Inc. MU.With the chip and AI rally showing no signs of slowing down, Micron seems set to benefit. At the same time, the stock has not been rising as astronomically fa ...