Velocity Composites and Boeing Expand Long-Term Contract

Date : 01/21/2020 @ 10:06AM
Source : Dow Jones News
Stock : Velocity Composites Plc (VEL)
Quote : 33.5  -0.5 (-1.47%) @ 2:17PM

Velocity Composites and Boeing Expand Long-Term Contract

Velocity Composites (LSE:VEL)
Historical Stock Chart

2 Months : From Dec 2019 to Feb 2020

Click Here for more Velocity Composites Charts.

By Sabela Ojea

 

Velocity Composites PLC (VEL.LN) said Tuesday that it will supply Boeing Co. (BA) with structural composite material kits for the plane maker's single aisle narrowbody jet platform, expanding the contract the companies signed in 2018.

The supplier of advanced composite material kits to the aerospace market said the approval follows 18 months of preparation, planning and audit and will form a key element in its future growth strategy.

Velocity Composites and Boeing signed a long-term agreement to supply complex design kits for the Boeing 737 MAX program in June 1, 2018. This agreement has now been expanded to include the supply of structural composite material kits.

Shares at 0921 GMT were up 2.4% at 42.50 pence.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

January 21, 2020 04:51 ET (09:51 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.