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Here's Why ATI Stock Flew Higher Today

TheMotleyFool 
0 0 28.10.25
Here's Why ATI Stock Flew Higher Today: https://g.foolcdn.com/editorial/images/840044/gettyimages-1061787670-1200x800-5b2df79.jpg
 

Shares in ATI (NYSE: ATI) rose as much as 12.9% in early trading today on strong third-quarter earnings and a hike in full-year guidance that suggests the company will enter 2026 with excellent trading momentum.

The company produces high-performance materials and components, as well as advanced alloys, with about 86% of its revenue in the aerospace and defense markets. Getting into more granular detail, 60% of its revenue comes from products for commercial jet engines.

It's a market with a relatively small number of customers, ultimately driven by aircraft production at Boeing and and by engine manufacturing at GE Aerospace, RTX's Pratt Whitney, and Rolls-Royce. Competitors include companies like Carpenter Technology and Howmet Aerospace.

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Source Fool.com

RTX A/S Stock

€14.20
1.430%
RTX A/S gained 1.430% today.

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