Company
Velocity Composites Ltd
LON:VEL
Velocity Composites manufactures advanced carbon fibre and ancillary material kits for use in the production of aircraft. The Company uses its process knowledge, business processes and proprietary software to reduce the amount of material required by its customers and also reduce the associated material waste when making aircraft parts. In turn, this reduces the aircraft manufacturer’s costs, with the kits delivered on time and in the required form to allow its customers to more readily meet the significant increases in build rates.
27 stories
Velocity Composites jumps 16% as sales rise and new US facility opens
“We have trebled the value of commercial business under contract compared to this time last year"
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Revenue in the first half rose 25% despite delays to some contract awards, Velocity Composites said
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A look at some of the biggest risers and fallers in London on Friday afternoon...
Velocity Composites shares rise after US$6mln contract win
The customer wasn’t named but was described as a tier-one manufacturer of components for jet engines used on Airbus A320 and Boeing 737
Velocity Composites surges as it inks supply agreement for Boeing programme
The composite material supplier said the agreement was to secure the supply of complex design consumable kits for the Boeing 737 Max programme and would extend to 2021
MySQUAR Limited pockets another £350,000 from bond conversion
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FTSE 100 finishes higher but miners weigh
The pound is down 0.21% against the Euro and off 0.04% against the US dollar at the time of writing
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Consolidation and improving market conditions to lift trading at discount airline easyJet
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