Spirit AeroSystems and Albany Engineered Composites Collaborate to Expand Hypersonic Capabilities
Spirit AeroSystems, Inc. and Fiber Materials, Inc. (collectively Spirit), subsidiaries of Spirit AeroSystems Holdings, Inc. (NYSE: SPR ), and Albany Engineered Composites, a subsidiary of Albany International Corp. (NYSE: AIN ), have formally entered a technical collaboration agreement to capitalize on the their unique capabilities to deliver a suite of differentiated technical and industrialized solutions to more rapidly support hypersonic program developments.
- Spirit AeroSystems, Inc. and Fiber Materials, Inc. (collectively Spirit), subsidiaries of Spirit AeroSystems Holdings, Inc. (NYSE: SPR ), and Albany Engineered Composites, a subsidiary of Albany International Corp. (NYSE: AIN ), have formally entered a technical collaboration agreement to capitalize on the their unique capabilities to deliver a suite of differentiated technical and industrialized solutions to more rapidly support hypersonic program developments.
- "By working together and leveraging our proprietary technologies and state-of-the-art manufacturing processes, Spirit and Albany Engineered Composites are expected to achieve superior hypersonic design solutions not possible before this collaboration launched," said Greg Harwell, President of Albany Engineered Composites.
- Combining Albany Engineered Composites 3D woven near-net-shaped composites technology with Spirits densification processes, should exceed hypersonic design requirements, increase production output, reduce waste, and lower cost.
- Albany Engineered Composites is a rapidly growing designer and manufacturer of advanced materials-based engineered components for jet engine and airframe applications, supporting both commercial and military platforms.