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ALBANY INTERNATIONAL CORP /DE/
Willard C. Station, an officer of Albany International Corp., has executed a power of attorney for the filing of SEC forms, including Forms 3, 4, 5, and Form 144. The authorization grants Joseph M. Gaug, Sara Stankus, and Cynthia Santabarbara the authority to sign and file these documents on his behalf.…more
ALBANY INTERNATIONAL CORP /DE/
Albany International has concluded its strategic review of the Salt Lake City facility and decided to retain it. Following a contract modification for the CH-53K program and a contract extension with Boeing, the company raised its third-quarter 2026 adjusted EPS guidance to a range of $1.40 to $1.50, up from the previous $0.60 to $0.70.…more
ALBANY INTERNATIONAL CORP /DE/
Albany International Corp. announced that CFO Willard Station has commenced a medical leave of absence effective August 31, 2026. Consequently, the company has appointed Sean Valashinas, the current Chief Accounting Officer, to serve as the acting principal financial officer.…more
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Albany International Expands Hypersonic and Space Capabilities
Albany International's subsidiary, AEC-AP, has expanded its manufacturing capabilities for hypersonic and solid rocket motor carbon-carbon composites. This move aims to strengthen the company's position in high-temperature and extreme environment applications.…more
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Albany International's subsidiary, Albany Engineered Composites, has reached an agreement with Boeing to continue manufacturing fuselage frames for the 787 Dreamliner. This deal secures the company's ongoing production role and stable revenue stream with the aerospace giant.…more
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Albany International will retain its Salt Lake City facility following successful contract renegotiations with Boeing and Sikorsky alongside new business wins. The modified agreements are expected to generate positive cash flow starting in 2027.…more
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