Comparing Innovation Spending: Howmet Aerospace Inc. and Owens Corning

Innovation Spending: A Tale of Two Companies

In the ever-evolving aerospace and construction industries, innovation is key to staying ahead. Howmet Aerospace Inc. and Owens Corning, two giants in their respective fields, have shown contrasting trends in their research and development (R&D) spending over the past decade. From 2014 to 2023, Howmet Aerospace's R&D expenses saw a significant decline of approximately 71%, dropping from a peak in 2015 to a low in 2020. In contrast, Owens Corning demonstrated a steady increase, with their R&D spending rising by about 62% over the same period.

This divergence highlights the strategic priorities of each company. While Howmet Aerospace may have shifted focus or optimized its innovation processes, Owens Corning appears to be doubling down on R&D to drive future growth. As industries face rapid technological advancements, these spending patterns offer a glimpse into how companies are positioning themselves for the future.