Albany International (AIN) will retain its Amelia Earhart Drive facility in Salt Lake City, Utah, and continue operations under amended terms after completing a strategic review of the site, the company said late Tuesday.

The company said it renegotiated Boeing (BA) 787 contract for one-piece composite fuselage frames and entered new contract terms with Lockheed Martin's (LMT) Sikorsky on the CH-53K helicopter program.

For Q3, Albany raised its adjusted earnings outlook to $1.40 to $1.50 per share from a prior range of $0.60 to $0.70, and kept its consolidated net revenue outlook at $320 million to $330 million. Three analysts polled by FactSet expect $0.68 and $325.8 million, respectively.

For Q4, Albany guided adjusted EPS of $0.65 to $0.75 on net revenue of $325 million to $335 million. Three analysts expect $0.72 and $328.7 million, respectively.