Albany International extends Boeing 787 composite frame contract

Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), has reached an agreement with Boeing (NYSE: BA) to continue manufacturing composite fuselage frames for the 787 Dreamliner, according to a press release.

Under the contract extension, Albany will continue producing approximately 300 unique composite fuselage frames, covering forward sections 41 and 43 and aft section 47. Albany has manufactured frames for sections 41 and 43 since Boeing's original award in 2014.

The work is performed at Albany's facility in Salt Lake City, Utah.

Chris Stone, president of Albany Engineered Composites, said the company is "fully committed to supporting the ramp of the 787 program with the consistency, quality and reliability our customers have come to expect."

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