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18th June 2018, Burnley

$6 million dollar LEAP for Velocity

Velocity Composites is to supply advanced composite material kits to a leading Tier 1 manufacturer of component parts for the Leading Edge Aviation Propulsion (LEAP) engines.

The company, based in Burnley, UK, will immediately begin manufacturing the kits for LEAP engines, which will be used on the latest generation of single aisle aircraft including the Airbus A320 NEO and Boeing 737 Max platforms.

The company will be manufacturing the kits for LEAP engines, which will be used on the latest generation of single aisle aircraft. © Velocity Composites

It is envisaged that the work, to run through to December 2020, will contribute up to $6 million to Velocity’s revenues over this period.

“This new business award on the largest and fastest growing engine programme in the world is a significant win in its own right,” said Velocity CEO Jon Bridges.

It is envisaged that the work will contribute up to $6 million to Velocity’s revenues over this period. © Velocity Composites

“In addition, with the work being based in continental Europe this further enhances Velocity’s growth into this territory, and will be a contributing programme for a new manufacturing site for Velocity in mainland Europe in due course. Whilst the company determines the right time and location for this site to be established, the composite material kits will be supplied from Velocity’s UK sites.”

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