# 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.

- Type: Contract
- Announced: 2022-12-20
- Where: Alabama, United States
- Value: $100.0M
- Status: announced
- Capacity: 40,000 sq. ft facility
- Products: composite material kits, high-performance composite structures
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Velocity Composites](https://endata.com/companies/32383.md)
- [GKN Aerospace](https://endata.com/companies/3849.md) (customer)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/velocity-composites--vel/us-100m-gkn-agreement/7184433), 2022-12-20: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.