Albany International Corp. announced the completion of its strategic review of its Amelia Earhart Drive facility in Salt Lake City, Utah, deciding to retain the facility after securing new business wins, a renegotiated Boeing 787 contract, and amended terms with Sikorsky on the CH-53K helicopter program. The amended contract with Sikorsky improves program financials, reduces risk, and is expected to generate positive cash flow beginning in 2027. The company also updated its third-quarter outlook, raising adjusted EPS guidance from $0.60-$0.70 to $1.40-$1.50, while keeping revenue outlook unchanged. For the fourth quarter, it expects consolidated net revenue between $325 million and $335 million and adjusted EPS between $0.65 and $0.75. An investor call is scheduled for September 2, 2026, at 8:30 AM Eastern Time.
The Boeing CompanyRenegotiated Boeing 787 contract mentioned as part of strategic review
Lockheed Martin CorporationAmended CH-53K program terms with Sikorsky, a Lockheed subsidiary
Albany International CorporationRaised Q3 EPS guidance and improved contract terms with Sikorsky
