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 are delighted to expand into the A350-1000 for the first time and to be supplying all remaining kitted material for both variants. With build rates expected to rise, this long-term contract secures a substantial revenue stream and positions us to support one of the aerospace industry’s most important programmes.”
James Eastbury, Chief Customer Officer at Velocity Composites, added: “This award is a clear demonstration of the trust we’ve built with our customer over many years. Our integrated approach to material kitting—combining engineering expertise, digital traceability, and lean supply chain management—enables customers to reduce waste, improve efficiency, and increase throughput. These are critical drivers in the high-precision world of aerospace manufacturing, and we’re proud to be delivering measurable value.”
The announcement reinforces Velocity’s reputation as a strategic partner capable of combining deep technical integration with long-term reliability. As aerospace manufacturers continue to focus on operational efficiency, sustainability, and supply chain resilience, Velocity’s advanced service model offers customers a proven solution to reduce cost, complexity, and risk.
With this agreement, Velocity strengthens its customer partnership and reaffirms its role as a key enabler of the global aerospace industry’s most ambitious programmes.
