AIM-listed engineering group Velocity Composites plc soared over 60% on Tuesday after signing a five-year agreement with GKN Aerospace in the US which is expected to be worth in excess of US$100mln in revenue over five years.
Andy Beaden, chairman of Velocity, 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 Aerospace.”