News & Events zu Albany International Corp (AIN)AINAlbany International Corp

Albany Engineered Composites Secures $21.2M Contract

Albany Engineered Composites announced that its AEC Advanced Programs, Inc. business has received a new contract, with a total value of $21.2M over the 30-month period of performance, through the U.S. government's Industrial Base Analysis and Sustainment program for Strengthening America's Manufacturing and Defense Industrial Base. The award, through the U.S. Army Contracting Command - Rock Island and Cornerstone Other Transaction Authority, supports the development of carbon-carbon composite thermal protection systems for hypersonic vehicles and solid rocket motors. The effort focuses on advancing, scalable manufacturing capabilities for critical extreme-environment defense applications. Albany will leverage its experience in advanced composite manufacturing, including 3D-woven, near-net-shape preforms and Resin Transfer Molding, together with carbon-carbon densification capabilities.

Albany International Agrees with Boeing to Continue 787 Fuselage Frame Production

Albany International (AIN) segment Albany Engineered Composites reached an agreement with Boeing (BA) to continue composite fuselage frame manufacturing for the 787 Dreamliner. Under the agreement, Albany continues to manufacture about 300 unique composite fuselage frames for the 787 Dreamliner. Albany has produced composite fuselage frames for Sections 41 and 43 since Boeing's original award in 2014. The Boeing 787 work is performed at Albany's facility in Salt Lake City, Utah.

Albany International CFO Willard on Medical Leave, Sean Appointed Acting CFO

Albany International announced that Willard Station, EVP and CFO, is taking a medical leave of absence. The Albany International Board of Directors has appointed Sean Valashinas, the Company's Controller and Chief Accounting Officer, as acting CFO.