Jack Ayers's questions to Albany International Corp (AIN) leadership • Q3 2024
Question
Jack Ayers of TD Cowen sought clarification on whether LEAP production forecasts were reduced again since the early October update and asked about the growth trajectory for the F-35 program relative to a prior $80 million target.
Answer
President and CEO Gunnar Kleveland confirmed that the LEAP production plan has not been changed since the October 3rd update. Robert Starr added that the prior reduction was nominal. Regarding the F-35, Kleveland expects a recovery to begin next year after recent softness, and Starr noted the company will provide an updated long-term view at its Investor Day.