Albany Engineered Composites Awarded Multiyear Contracts From Lockheed Martin; Extending Support Of JASSM And LRASM Missile Programs In Utah

Albany International Corp. (NYSE:AIN) announced today that its subsidiary Albany Engineered Composites, Inc. (AEC) has been awarded multiyear contracts from Lockheed Martin's Missiles & Fire Control business (Lockheed), extending its support of the JASSM and LRASM missile programs at its Salt Lake City, Utah facility. Utilizing its advanced braiding and resin transfer molding technologies, AEC will continue production of unique composite components for the programs under these multiyear contracts.