StreetInsider.com News Articles

Albany International expands hypersonic composites unit with $36M investment

Thu, 22 Oct 2026 17:00:41 -0400

Albany International Corp. (NYSE: AIN) announced the expansion of its hypersonic, solid rocket motor and space manufacturing capabilities through AEC Advanced Programs, Inc. (AEC-AP), a wholly owned subsidiary of its Albany Engineered Composites segment established in 2021.

Since founding AEC-AP, Albany has invested more than $36 million in facilities, equipment and independent research and development to build vertically integrated manufacturing capabilities for advanced composite thermal protection systems and related hardware. The subsidiary operates from an approximately 70,000-square-foot facility in Rochester, New Hampshire, adjacent to Albany Engineered Composites' headquarters.

The investment is accompanied by a $21.2 million, 30-month U.S. government Industrial Base Analysis

Albany Engineered Composites Expands Hypersonic, Solid Rocket Motor and Space Manufacturing Capabilities With Dedicated AEC Advanced Programs Business and Rochester Facility

Thu, 22 Oct 2026 17:00:00 -0400

More than $36 million invested to support vertically integrated manufacturing for next-generation hypersonic, solid rocket motor and space applications, complimented by a recent $21.2 million IBAS contract award

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), today announced the expansion of its hypersonic, solid rocket motor and space capabilities through AEC Advanced Programs, Inc. (AEC-AP), a wholly owned subsidiary established in 2021 to develop the carbon-carbon manufacturing capabilities required for advanced high temperature, extreme environment applications. The AEC-AP facility is located in Rochester, New Hampshire, adjacent to the Albany Engineered Composites’ headquarters

Albany Engineered Composites Expands Hypersonic, Solid Rocket Motor and Space Manufacturing Capabilities With Dedicated AEC Advanced Programs Business and Rochester Facility

Thu, 22 Oct 2026 17:00:00 -0400

Albany International to Host Investor Day on December 15, 2026

Mon, 19 Oct 2026 17:15:00 -0400

PORTSMOUTH, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) today announced that it will host an Investor Day on Tuesday, December 15, 2026.

The event will be held in New York City and will feature presentations from members of Albany International's executive leadership team. Management will provide updates on the Company's strategic priorities, business outlook, and long-term value creation strategy.

The event will begin at 8:30 a.m. ET and is expected to conclude at approximately 12:00 p.m. ET. Due to limited capacity, in-person attendance is by invitation only and advance registration is required.

A live webcast of the event will be available

Albany International to Host Investor Day on December 15, 2026

Mon, 19 Oct 2026 17:15:00 -0400

PORTSMOUTH, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) today announced that it will host an Investor Day on Tuesday, December 15, 2026.

A live webcast of the event will be available

Albany International Schedules Third-Quarter 2026 Earnings Release and Conference Call

Wed, 14 Oct 2026 18:12:00 -0400

PORTSMOUTH, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) announced today that it will release third-quarter 2026 results on October 28, 2026, after market close.

The Company will host a webcast to discuss the results at 9:00 a.m. Eastern Time on Thursday, October 29, 2026. Interested parties may listen to the live webcast via the Company’s Investor Relations website at investors.albint.com or by registering via the link here.

The event can also be accessed by dialing +1 (833) 461-5787 and using the Meeting ID: 551 970 689.

An archive of the webcast will

Albany International Schedules Third-Quarter 2026 Earnings Release and Conference Call

Wed, 14 Oct 2026 18:12:00 -0400

PORTSMOUTH, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) announced today that it will release third-quarter 2026 results on October 28, 2026, after market close.

The event can also be accessed by dialing +1 (833) 461-5787 and using the Meeting ID: 551 970 689.

An archive of the webcast will

Albany International unit wins $21.2M U.S. defense composites contract

Tue, 29 Sep 2026 08:00:29 -0400

Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), has received a $21.2 million contract through the U.S. government's Industrial Base Analysis and Sustainment (IBAS) program to develop carbon-carbon composite thermal protection systems for hypersonic vehicles and solid rocket motors.

The contract, awarded through the U.S. Army Contracting Command – Rock Island and Cornerstone Other Transaction Authority, spans 30 months. The program falls under the Strengthening America's Manufacturing and Defense Industrial Base initiative.

The work will focus on establishing a vertically integrated production facility for carbon-carbon composite manufacturing. Activities include engineering studies, facility planning, supplier selection, procurement and installation of

Albany Engineered Composites Awarded $21.2 Million IBAS Contract to Advance Hypersonic and Solid Rocket Motor Thermal Protection Manufacturing

Tue, 29 Sep 2026 08:00:00 -0400

New contract supports development and vertically integrated, scalable manufacturing capacity of carbon-carbon composite thermal protection systems for hypersonic vehicles and solid rocket motors.

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), announced today that its AEC Advanced Programs, Inc. business has received a new contract, with a total value of $21.2 million over the 30-month period of performance, through the U.S. government's Industrial Base Analysis and Sustainment (IBAS) program for Strengthening America's Manufacturing and Defense Industrial Base (SAMDIB).

The award, through the U.S. Army Contracting Command – Rock Island and Cornerstone Other Transaction

Albany Engineered Composites Awarded $21.2 Million IBAS Contract to Advance Hypersonic and Solid Rocket Motor Thermal Protection Manufacturing

Tue, 29 Sep 2026 08:00:00 -0400

New contract supports development and vertically integrated, scalable manufacturing capacity of carbon-carbon composite thermal protection systems for hypersonic vehicles and solid rocket motors.

The award, through the U.S. Army Contracting Command – Rock Island and Cornerstone Other Transaction

Form 4 ALBANY INTERNATIONAL For: Sep 01 Filed by: Station Willard C

Thu, 03 Sep 2026 09:49:00 -0400

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Albany International (AIN) PT Raised to $75 at Baird

Thu, 03 Sep 2026 07:06:45 -0400

Baird analyst Peter Arment raised the price target on Albany International (NYSE: AIN) to $75.00 (from $64.00) while maintaining a Neutral rating.

Albany International extends Boeing 787 composite frame contract

Thu, 03 Sep 2026 07:01:19 -0400

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

Albany International extends Boeing 787 composite frame contract

Thu, 03 Sep 2026 07:01:19 -0400

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

Albany Engineered Composites Secures Contract Extension on Boeing 787 Components

Thu, 03 Sep 2026 07:00:00 -0400

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany Engineered Composites, a segment of Albany International Corp. (NYSE: AIN), announced today it reached an agreement with Boeing (NYSE: BA) to continue composite fuselage frame manufacturing for the 787 Dreamliner.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260903779626/en/

Photo courtesy Boeing. A Boeing 787 in flight, enabled by advanced composite components from Albany Engineered Composites.

Under the agreement, Albany continues to

Albany Engineered Composites Secures Contract Extension on Boeing 787 Components

Thu, 03 Sep 2026 07:00:00 -0400

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260903779626/en/

Photo courtesy Boeing. A Boeing 787 in flight, enabled by advanced composite components from Albany Engineered Composites.

Under the agreement, Albany continues to

Albany Engineered Composites Secures Contract Extension on Boeing 787 Components

Thu, 03 Sep 2026 07:00:00 -0400

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260903779626/en/

Photo courtesy Boeing. A Boeing 787 in flight, enabled by advanced composite components from Albany Engineered Composites.

Under the agreement, Albany continues to

Albany Engineered Composites Secures Contract Extension on Boeing 787 Components

Thu, 03 Sep 2026 07:00:00 -0400

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260903779626/en/

Photo courtesy Boeing. A Boeing 787 in flight, enabled by advanced composite components from Albany Engineered Composites.

Under the agreement, Albany continues to

Form 8-K ALBANY INTERNATIONAL For: Sep 01

Tue, 01 Sep 2026 16:37:00 -0400

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Albany International ends strategic review, keeps Salt Lake City facility

Tue, 01 Sep 2026 16:31:04 -0400

Albany International Corp. (NYSE: AIN) announced the completion of its strategic review of its Amelia Earhart Drive facility in Salt Lake City, Utah, concluding that it will retain the site following new contract agreements.

The company reached an amended contract with Sikorsky, a Lockheed Martin Company, for the CH-53K heavy lift helicopter program, which Albany said reduces program risk and reverses a previously reported reach-forward loss. The new terms are expected to generate positive cash flow beginning in 2027. Albany also secured a contract extension with Boeing for one-piece composite fuselage frames on the 787 Dreamliner, along with undisclosed new defense

Albany International ends strategic review, keeps Salt Lake City facility

Tue, 01 Sep 2026 16:31:04 -0400

Albany International Announces Successful Completion of its Strategic Review and Schedules Investors Call

Tue, 01 Sep 2026 16:30:00 -0400

Strategic review concludes with an amended contract on CH-53K® helicopter, new business wins, and improved site profitability
Reverses reach-forward loss and updates outlook
Contract modification expected to generate positive cash flow beginning in 2027
Schedules an Investor Call for September 2, 2026, at 8:30 AM

PORTSMOUTH, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) today announced the completion of the strategic review of its Amelia Earhart Drive facility in Salt Lake City, Utah. Following new business wins, a renegotiated Boeing 787 contract for one-piece composite fuselage frames, and new contract terms with Sikorsky, a Lockheed Martin Company, on the

Albany International Announces Successful Completion of its Strategic Review and Schedules Investors Call

Tue, 01 Sep 2026 16:30:00 -0400

Strategic review concludes with an amended contract on CH-53K® helicopter, new business wins, and improved site profitability
Reverses reach-forward loss and updates outlook
Contract modification expected to generate positive cash flow beginning in 2027
Schedules an Investor Call for September 2, 2026, at 8:30 AM

Form 8-K ALBANY INTERNATIONAL For: Aug 31

Mon, 31 Aug 2026 09:05:00 -0400

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Albany International CFO takes medical leave, controller steps in

Mon, 31 Aug 2026 09:01:25 -0400

Albany International Corp. (NYSE: AIN) announced that Willard Station, Executive Vice President and Chief Financial Officer, is taking a medical leave of absence.

The company's board of directors has appointed Sean Valashinas, Albany International's Controller and Chief Accounting Officer, as acting CFO, effective immediately.

Valashinas joined Albany International in 2025. Before that, he served as Vice President of Accounting, Treasury, and Tax at Resonetics. He also worked at Standex International Corporation from 2007 to 2024, where he held the role of Vice President, Chief Accounting Officer and Assistant Treasurer.

Valashinas holds an accounting degree from the University of Scranton and an MBA from