VELOCITY COMPOSITES SECURES MULTI-YEAR CONTRACT RENEWAL AND EXPANSION WITH UK TIER 1 AEROSPACE MANUFACTURER
Airbus A350 in flight. Velocity Composites’ expanded long-term contract includes structural composite material kits for both the A350-900 and A350-1000 variants
Velocity Composites plc( AIM: VEL), a leading supplier of advanced composite material kits to the aerospace and high-performance manufacturing sectors, has secured a landmark contract renewal and expansion with a long-standing Tier One customer.
The newly signed long term agreement extends Velocity’ s supply of structural composite material kits for the Airbus A350 programme, covering the A350- 900 and, for the first time, expanding into the A350- 1000 variant. The scope also includes additional new material kits across both aircraft types. The contract runs through to 2035 further cementing Velocity’ s role as a trusted partner in one of the world’ s most significant wide-body aircraft programmes.
Based on current Airbus build rate projections, the contract has an estimated potential value of up to $ 54 million. Revenue is expected to reach approximately $ 2.5 million in FY2026, with $ 1.0 million of that representing new business. This new work will replace contracts with other customers that are naturally concluding, ensuring Velocity’ s overall revenue trajectory remains aligned with its existing growth expectations.
All kits will be produced at Velocity’ s advanced Burnley facility, where the company has been manufacturing A350-900 kits since 2017. Supply of the expanded packages is scheduled to begin in early 2026 following completion of the standard qualification and transfer process. Velocity already has approvals in place and a proven transfer track record, giving customers confidence in a seamless transition.
Jon Bridges, Chief Executive Officer of Velocity Composites, commented;“ This renewal and expansion represents a major milestone for Velocity. It reflects the strength of our relationship with our customer and the confidence they have in our people, technology, and operational excellence. We
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