Albany Engineered Composites Receives Pratt & Whitney Engine Component Contract Through 2036
Albany International Corporation (AIN)
Last albany international corporation earnings: 4/29 05:05 pm
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Source: Business Wire
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Albany Engineered Composites (AEC), a segment of Albany International Corp. (NYSE: AIN), has received a long-term contract from Pratt & Whitney, an RTX business, to produce composite structural engine components for the commercial aviation Pratt & Whitney GTF™ engine.“We are honored to be selected by Pratt & Whitney for this critical composite engine content. This award reflects AEC’s ability to deliver high-volume, high-precision composite structures with consistency and excellence,” said Chris Stone, president of AEC. “It marks a major milestone in our relationship and underscores the strength of our operational performance, our technology and our people.”The award marks AEC’s first volume production program with Pratt & Whitney and expands the company’s portfolio of complex composite engine structures for the aerospace industry.“Our strategy is simple: perform for Pratt & Whitney and grow,” said Jeff Daniel, vice president of the commercial se
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