Albany International Corp specializes in two main areas: machine clothing and engineered composites. The company crafts a wide range of products for paper production, including fabrics and belts used in making paper, paperboard, and other materials. Additionally, Albany International develops advanced composite materials for aircraft, including components for engines and airframes, serving both military and commercial sectors. With a history dating back to 1895 and headquartered in Rochester, New Hampshire, it operates globally, including in the United States, Europe, Brazil, China, and Mexico.
Tony Bancroft, portfolio manager at Gabelli Funds and head of the firm’s commercial aerospace and defense ETF, argued in a recent CNBC segment that U.S. missile and aircraft production is on the…
Mario Gabelli is looking at the defense sector and seeing a multi-year, capital-intensive buildout across the entire missile supply chain. He’s not just buying the obvious names. “Anyone that’s producing missile rocket…
