Subsidy Tracker Parent Company Summary
Parent Company Name:
Howmet Aerospace
Ownership Structure:
publicly traded (ticker symbol HWM)
Headquartered in:
Pennsylvania
Major Industry:
aerospace and military contracting
Specific Industry:
aerospace components
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $9,897,000 | 13 |
| Federal (grants and allocated tax credits) | $3,750,000 | 2 |
| TOTAL | $13,647,000 | 15 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
| TOTAL | $0 | 0 |
Time Period for State and Local Awards:
Earliest year of data: 1997. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2014.
Time Period for Federal Awards:
FY2000 to the present
Notes:
Dollar totals do not include awards for which no subsidy value is disclosed.
Associated Names:
ALCOA HOWMET; Aloca Howmet; Howmet Aerospace; Howmet Corp.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Indiana | $6,450,000 | 4 |
| Michigan | $1,472,000 | 4 |
| Virginia | $1,350,000 | 4 |
| Tennessee | $625,000 | 1 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Howmet Castings & Services, Inc. | Indiana | state | 2014 | $4,000,000 | tax credit/rebate | |
| HOWMET CORPORATION | United States | federal | 2000 | $2,000,000 | federal grant | |
| Howmet Castings & Services, Inc. | Indiana | state | 2019 | $1,800,000 | tax credit/rebate | |
| HOWMET CORPORATION | United States | federal | 2001 | $1,750,000 | federal grant | |
| Alcoa Howmet | Michigan | state | 2015 | $935,000 | tax credit/rebate | |
| Howmet Castings & Services, Inc. | Tennessee | state | 2019 | $625,000 | grant | |
| Aloca Howmet | Virginia | state | 2009 | $500,000 | grant | |
| Howmet Castings & Services, Inc. | Indiana | state | 2014 | $450,000 | tax credit/rebate | |
| Alcoa Howmet | Virginia | state | 2014 | $450,000 | grant | |
| Alcoa Howmet | Michigan | state | 2015 | $285,000 | grant/loan hybrid program | |
| Alcoa Howmet | Michigan | state | 2015 | $206,000 | property tax abatement | |
| Howmet Castings & Services, Inc. | Indiana | state | 2014 | $200,000 | training reimbursement | |
| Alcoa Howmet | Virginia | state | 2014 | $200,000 | grant | |
| Alcoa Howmet | Virginia | state | 2015 | $200,000 | grant | |
| Alcoa Howmet | Michigan | state | 2015 | $46,000 | tax credit/rebate | |
| HOWMET CORPORATION | Michigan | local | 1997 | undisclosed | property tax abatement | |
| HOWMET CORPORATION | Michigan | local | 1997 | undisclosed | property tax abatement | |
| HOWMET CORPORATION | Michigan | local | 1998 | undisclosed | property tax abatement | |
| HOWMET CORPORATION | Michigan | local | 1998 | undisclosed | property tax abatement | |
| HOWMET CORPORATION | Michigan | local | 1999 | undisclosed | property tax abatement | |
| Howmet Corporation | Tennessee | state | 2008 | undisclosed | training reimbursement | |
| Alcoa Howmet & Service Inc. | Texas | state | 2010 | undisclosed | training reimbursement | |
| HOWMET CORPORATION - ALCOA | Michigan | local | 2007 | undisclosed | property tax abatement |
