AIN Albany International Corp. Class A

Albany International Delivers Advanced 3D Woven VTP Fitting to Aernnova for Clean Sky 2 Technology Demonstrator

Albany International Corp. (NYSE: AIN) announced today its subsidiary Albany Engineered Composites (AEC) has delivered its first composite vertical tail plane (VTP) fitting to support the Aernnova Clean Sky 2 full composite rear-end fuselage technology demonstrator. AEC’s collaboration with Aernnova represents the companies shared efforts at developing high volume industrialized and sustainable manufacturing technologies for next generation light weight aerostructures. AEC’s composite VTP fitting has a uniquely designed hybrid preform of 3D woven and non-crimp fabric architectures for optimised load carrying capabilities.

This press release features multimedia. View the full release here:

(L to R) Brent Stevenson, Greg Harwell of Albany Engineered Composites and Juan Carlos Ortiz, Miguel Angel Castillo of Aernnova  (photo: Albany International)

(L to R) Brent Stevenson, Greg Harwell of Albany Engineered Composites and Juan Carlos Ortiz, Miguel Angel Castillo of Aernnova (photo: Albany International)

Brent Stevenson, AEC’s VP of Research and Technology commented: "The ability to design and fabricate highly complex loaded composite components such as the VTP fitting is uniquely enabled by our advance 3D woven technology. Future zero emission aerostructures technologies will need to achieve the optimum balance between weight, performance, cost and industrialisation volumes without forgetting sustainability goals. We were very pleased with the collaborative approach adopted by both teams at AEC and Aernnova in developing this unique composite solution.”

Miguel Á. Castillo, Aernnova´s VP Technology Development, highlights: “The excellent collaboration with AEC has been a key part of this Advanced Rear End demonstrator success. AEC has provided the interface composite fitting that connects the rear fuselage with the vertical stabilizer in a new composite material approach avoiding a metallic part configuration.”

Both companies are proudly displaying this innovation at the AEC stand at the Paris Air Show underway this week.

Greg Harwell, AEC President added: “We continue to invest heavily in the development and simulation of applications such this composite fitting. Given the current geopolitical pressures, the challenges to supply chain and difficulties in accessing raw materials such as titanium, the ability to design, develop and industrialize light-weight composite components has become even more mission critical.”

Both companies are proudly displaying this innovation at the AEC stand at the Paris Air Show underway this week.

About Albany Engineered Composites

Albany Engineered Composites (AEC) designs and manufactures advanced engineered composite components for engine and airframe applications for commercial and military aircraft, missiles and unmanned vehicles, and for renewable energy creation and distribution. AEC’s specialty composite solutions enable current and next-generation aircraft to perform better while being more fuel-efficient, cost-effective, and environmentally-friendly.

About Aernnova

Aernnova is a Tier 1 world class supplier of aerostructures, components and engineering services, and is finalizing the Advanced Rear End demonstrator this year. This innovative integral solution is a whole composite light weight aerostructure that avoids thermal loads generated by materials with different coefficient of thermal expansion and other beneficial integration effects.

About Albany International Corp.

Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world’s leading producer of custom-designed, consumable belts essential for the manufacture of all grades of paper products. Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for demanding aerospace applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 23 facilities in 11 countries, employs more than 4,200 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at .

EN
20/06/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Albany International Corp. Class A

Jonathan Moreland
  • Jonathan Moreland

InsiderInsights Weekly Report: May 11, 2024

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

 PRESS RELEASE

Albany International Declares Dividend

ROCHESTER, N.H.--(BUSINESS WIRE)-- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock. The dividend is payable July 8, 2024, to shareholders of record on June 7, 2024. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world’s leading producer of custom-designed, consumable belts essential for the m...

 PRESS RELEASE

Albany International to Present at the Bank of America Transportation,...

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) President and Chief Executive Officer, Gunnar Kleveland, will speak at the Bank of America Transportation, Airlines, and Industrials Conference on Wednesday, May 15, 2024 at 3:40 p.m. Eastern Time. Interested parties are invited to listen to the webcast via the Company’s Investor Relations website at investors.albint.com. A replay of the webcast will be available on the website for 90 days following the event. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered...

Albany International Corp: 1 director

A director at Albany International Corp bought 1,000 shares at 84.440USD and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch