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Velocity Composites enters US market with $100m GKN agreement

Dec 30,2022

Leading aerospace composite material kits supplier, Velocity Composites has announced its entry into the US aerospace market with the signing of an agreement with GKN Aerospace expected to be worth more than $100 million of revenue over five years.

To support the expansion into international markets, Velocity Composites also announces the development of its first site outside of the UK, a 40,000ft2 advanced manufacturing facility near to the GKN site in Alabama.

The new facility will build and supply all the composite material kits for GKN¡¯s aerostructure, and has been upgraded to the required clean room standard, where it also includes Velocity¡¯s proprietary digital technology and latest manufacturing systems, covering a diverse range of high-performance composite structures across military, civil and business jet programmes.

Work on the facility is at an advanced stage, and it is expected that site approvals and first article tests will be completed by the end of February 2023, followed by volume production in Q1 2023, with all programmes transferred to Velocity under the Agreement by Q3 2023. Velocity plans to train and employ up to 30 local staff, supported initially by existing staff from the UK.
The collaboration with GKN uses Velocity's advanced VRP technology and supply chain services to support GKN¡¯s sustainability and efficiency objectives, assisting the aerospace industry¡¯s push to achieving significant environmental and sustainability improvements in this decade.

Andy Beaden, chairman of Velocity Composites, said: ¡°This is a major milestone for Velocity as we make a permanent entry into the US market and expand our long-standing relationship with GKN. During the pandemic, we worked hard to deepen our relationships with clients and further invest in our technology to prepare for the recovery.

Under this background, the 8th Annual Aeronautical Materials and Manufacturing Technology International Forum will be held in Xiamen City,Fujian Province in March 15th-16th,2023.The forum is expected to attract over 300 industry leaders.Focusing on new materials,new technologies,green and low-carbon development and other industry hot topics.Concentrating on market demand and discussing the future direction of the industry.Cooperate and work together to contribute to the development of China's aviation industry!

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