Velocity Composites

Velocity Composites will open its first U.S. site in Elmore County, Alabama, a 40,000-square-foot facility to supply composite material kits for GKN Aerospace's aerostructure, with a $100 million agreement and up to 30 new jobs.

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 has signed a new three-year contract with a major Tier 1 aerostructures manufacturer in Hampshire, extending an existing agreement and adding new business for A350, A400M and Eurofighter Typhoon platforms. The contract has an expected annual value of £4.1 million.

Velocity Composites secured a long-term agreement to supply complex design consumable kits for the Boeing 737 Max programme, valued at £3 million, extending to 31 December 2021. Kits will be produced at its Fareham site for wing construction.