Velocity Composites
VEL · AIM · Industrial Goods and Services · mcap £8.9m · 16.2p
Velocity Composites cuts and packs composite materials into ready-to-use kits for aircraft makers, mainly for Airbus A350 wings, military programmes and US engine work. It operates from the UK and a US facility.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2025 | |||
| 30 Apr 2025 | US aero engine kits revenue by second quarter of FY25 | 18 Sep 2024 | ◐ Partly kept |
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Result
US sales grew, but later reports cite US programme delays and approvals still pending into FY26. “In the US, the Company continues to progress the transfer of the remaining programmes to Velocity with its initial major US customer. Velocity is working with the US Customer and its ultimate OEM customer, to finalise, what is a complex qualification process, in the aero-engine sector. This involves a highly technical qualification process and revenue from the additional programmes is expected to accelerate once the approvals process is complete.”22 May 2025 · Trading Update & Notice of Results |
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