other material
confidence medium
sentiment positive
materiality 0.45
Albany Engineered Composites wins 7-year Bell 525 contract
ALBANY INTERNATIONAL CORP /DE/
- AEC awarded 7-year contract from Bell Textron for composite components on the Bell 525 helicopter.
- Establishes new partnership with Bell, a key customer in AEC's growing rotorcraft business.
- Contract value not disclosed; AEC President cites 'long-term support' and potential for additional Bell programs.
- Production and sale of composite structures for the Bell 525 will begin under the agreement.