Airbus A350 in flightVelocity Composites plc, a specialist in advanced composite material kits for aerospace and high-performance manufacturing, has secured a major contract renewal and expansion with a long-standing Tier One customer. The new long-term agreement extends Velocity’s supply of structural composite material kits for the Airbus A350 programme, covering both the A350-900 and, for the first time, the A350-1000 variant. It also introduces additional new material kits across both aircraft types.
The contract, which runs through to 2035, is expected to generate up to $54 million in revenue based on current Airbus build-rate projections. Velocity anticipates approximately $2.5 million in revenue for FY2026, with $1 million of that representing new business. This new work will replace contracts with other customers that are naturally concluding, ensuring the company’s overall revenue trajectory remains aligned with its existing growth expectations.
All kits will be produced at Velocity’s advanced Burnley facility, where the company has been manufacturing A350-900 kits since 2017. The expanded packages are scheduled to begin delivery in early 2026, following the completion of standard qualification and transfer processes. Velocity already holds the necessary approvals and has a proven track record in transfer execution, offering customers confidence in a seamless transition.
Velocity Composites’ CEO Jon Bridges said: “This renewal and expansion represents a major milestone for Velocity. It reflects the strength of our relationship with our customer and the confidence they have in our people, technology, and operational excellence. We are delighted to expand into the A350-1000 for the first time and to be supplying all remaining kitted material for both variants. With build rates expected to rise, this long-term contract secures a substantial revenue stream and positions us to support one of the aerospace industry’s most important programmes.”
James Eastbury, chief customer officer at Velocity Composites, added: “This award is a clear demonstration of the trust we have built with our customer over many years. Our integrated approach to material kitting — combining engineering expertise, digital traceability, and lean supply chain management — enables customers to reduce waste, improve efficiency, and increase throughput. These are critical drivers in the high-precision world of aerospace manufacturing, and we are proud to be delivering measurable value.”
The agreement reinforces Velocity’s reputation as a strategic partner capable of combining deep technical integration with long-term reliability. As aerospace manufacturers continue to prioritise operational efficiency, sustainability, and supply chain resilience, Velocity’s advanced service model offers a proven solution to reduce cost, complexity, and risk.