Albany Engineered Composites will continue producing approximately 300 unique composite fuselage frames for Boeing’s 787 Dreamliner under an extended agreement. The work covers Sections 41 and 43 at Albany’s Salt Lake City facility, where the partnership dates to 2014.
The article says the extension secures baseline composite volume and improves revenue visibility for Albany, while deepening its exposure to commercial-aircraft programs and Boeing’s production risks. It also cites a $147 million cumulative loss reserve on Albany’s CH-53K program amid labor and material cost inflation, along with soft demand in Machine Clothing.
