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Velocity Composites Plc ( (GB:VEL) ) just unveiled an update.
Velocity Composites plc has announced a significant 10-year contract renewal and expansion with a Tier One customer for the Airbus A350 programme, expected to generate $2.5 million in revenue in FY2026. This contract not only renews the supply of kits for the A350-900 but also expands to include the A350-1000 variant, potentially reaching a total value of $54 million. The contract secures a long-term revenue stream, supporting the company’s growth and reinforcing its market position in the aerospace sector.
The most recent analyst rating on (GB:VEL) stock is a Hold with a £23.00 price target. To see the full list of analyst forecasts on Velocity Composites Plc stock, see the GB:VEL Stock Forecast page.
Spark’s Take on GB:VEL Stock
According to Spark, TipRanks’ AI Analyst, GB:VEL is a Neutral.
Velocity Composites Plc’s stock score is primarily impacted by its financial performance, which shows revenue growth but significant profitability and cash flow challenges. Technical analysis indicates some short-term strength, but valuation concerns due to ongoing losses and lack of dividend yield weigh heavily on the score.
To see Spark’s full report on GB:VEL stock, click here.
More about Velocity Composites Plc
Based in Burnley, UK, Velocity Composites plc is a leading supplier of composite material kits primarily to the aerospace industry, serving major clients like Airbus, Boeing, and GKN. The company focuses on reducing costs and improving sustainability through its proprietary technology, with potential for expansion into new markets such as wind energy, urban air mobility, and electric vehicles.
Average Trading Volume: 63,144
Technical Sentiment Signal: Sell
Current Market Cap: £12.3M
See more data about VEL stock on TipRanks’ Stock Analysis page.