Spirit AeroSystems Partners With Albany International To Support Hypersonic Program

Spirit AeroSystems Holdings, Inc. SPR has entered into a collaboration agreement with Albany International Corp. AIN to deliver technical and industrialized solutions to support hypersonic program developments.
Spirit's ultra-high temperature composites and structures capabilities along with Albany’s experience of producing high volumes of 3D woven, near-net shape will be helpful to design, develop, and manufacture a wide range of scalable, highly adaptable, and affordable Thermal Protection Systems solutions for hypersonic missions.
"This collaboration enables elegant technical solutions while reducing the risk in accelerating program timelines and scaling to production,” said Mark Miklos, Vice President hypersonic solutions at Spirit.
Price action: SPR shares traded lower by 2.42% at $45.18 on the last check Wednesday.