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Update: Albany International Segment Extends Boeing 787 Components Agreement

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(Updates with the recent stock movement in the fourth paragraph.)

Albany International's (AIN) Albany Engineered Composites segment reached an agreement with Boeing (BA) to continue manufacturing composite fuselage frames for the 787 Dreamliner, the company said Thursday.

Financial terms were not disclosed.

Under the agreement, Albany will continue to manufacture about 300 unique composite fuselage frames for the 787 Dreamliner, including forward sections 41 and 43 and aft section 47 at its facility in Salt Lake City, Utah, the company said.

Shares of Albany were up 6% in Thursday trading.

Price: $62.31, Change: $+3.53, Percent Change: +6.00%

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