Albany International Secures Long-Term Pratt & Whitney Supply Contract Through 2036

Key Facts

1Albany Engineered Composites, a segment of Albany International Corp., received a long-term contract to produce composite structural engine components for Pratt & Whitney GTF engines.

2The contract with Pratt & Whitney, an RTX business, extends through the year 2036.

Albany International Corp. announced that its segment, Albany Engineered Composites (AEC), has secured a long-term supply agreement with Pratt & Whitney, an RTX business. Under the contract, AEC will manufacture composite structural engine components for the Pratt & Whitney GTF commercial engine program through 2036. The award highlights AEC's specialized capability in delivering high-volume, high-precision composite structures for advanced aviation technology. This agreement provides significant long-term revenue visibility for the mid-cap industrial firm over the next decade. The partnership underscores Albany International's critical role in the aerospace supply chain. While specific financial terms were not disclosed, the extended duration of the contract marks a positive development for the company's industrial backlog.