Velocity Composites signs $100M GKN Aerospace agreement for US facility

Velocity Composites plc signed a five-year Work Package Agreement with GKN Aerospace expected to be worth over US$100 million in revenue. To support this, Velocity is developing its first US advanced manufacturing facility in Alabama, which will deliver the agreement.

“Velocity Composites plc is delighted to announce the signing of a five-year Work Package Agreement with GKN Aerospace in the United States expected to be worth in excess of US$100 million in revenue over five years.”investegate.co.uk

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• investegate.co.ukInvestegate | Company AnnouncementInvestegateDec 20, 2022

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