Velocity Composites plc is the leading supplier of advanced composite material kits to aerospace and other high-performance manufacturers. Velocity manufactures the kits for use in the production of carbon fibre composite parts for aerospace and other high-performance manufacturers, such as automotive OEMs, and pioneers of renewable energy applications.  The kits reduce costs and improve sustainability. This technology is in increasing demand as the aerospace manufacturing sector recovers from the pandemic.  Based in Burnley, Lancashire, Velocity Composites is a market- leading business, benefiting from the growing need to improve the sustainability of aviation. There has been a step-change in the use of carbon fibre in aircraft as manufacturers have to decrease aircraft weight and improve their efficiency to reduce emissions.

By using Velocity’s kits, produced using their proprietary technology, manufacturers can reduce waste and free up internal resources to focus on their core business. Velocity has a critical position in the aerospace supply chain, forming a bridge between major raw material manufacturers and blue-chip aerospace manufacturers, such as Boeing, Airbus and global partners such as GKN with whom it has long-standing relationships.  Velocity’s proven, innovative technology means reduced raw material waste, improved safety through better traceability and improved efficiency by digital management of the whole process.

Velocity has significant potential for expansion in the coming years, especially in the US, having recently opened a facility in Alabama. This follows the signing of a five-year Work Package Agreement with the Company’s US launch customer, a Tier 1 aerospace manufacturer.  The Contract is worth $20m per annum in revenue over at least the next five years starting from 1 January 2024, and represents Velocity’s first entry into the US, the largest aerospace manufacturing market in the world. The facility can be scaled to support multiple customers in the region. Velocity has live bids with large Tier 1 customers in both Europe and North America.  Velocity Composites has put into effect a clear strategy to capitalise on the significant growth in the use of composites within aerospace. Manufacturers need to outsource non-core processes and reduce costs to meet demand, and are now approaching Velocity for solutions, leading to a current qualified pipeline of opportunities of £200m ($250m) annually.