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Velocity Composites wins work on Boeing 737 Max initiative

Burnley-headquartered aerospace products manufacturer Velocity Composites has secured a long-term agreement associated with the Boeing 737 Max programme.

The company will supply its design consumable kits for the initiative, with the contract also encapsulating the finalisation of the provision of vacuum bags for the same scheme.

The agreement extends to 31 December 2021 with a contract value of £3m. The composite material kits will be used for the wing construction on the Boeing 737 Max.

Jon Bridges, chief executive of Velocity Composites, said: “This latest signing of a long term agreement with one of our existing customers is a significant and positive step for Velocity, and importantly is our first contracted Boeing platform, which continues the trading momentum that the company has experienced in the year so far.

“I am also hopeful that these two packages of work will, in turn, lead to further contract awards.”