"speed contest" is correct and usable in written English.
You can use it to refer to a competition involving speed. For example, "The local radio station is hosting a speed contest to see who can solve a puzzle the fastest."
Or a speed contest with the fastest backs and kickoff returners?
The man, Darryl Cruz, was charged with reckless driving and engaging in a speed contest, the police said.
The man, Jhelfry Herrera, 21, of Gores Drive, was charged with engaging in a speed contest and reckless driving.
He said he did not want to chance having his car impounded as evidence if he is charged with engaging in a speed contest.
For Mr. Cohen, the two men remember, it came down to the use of a word in a speed contest Mr. Cohen had organized.
The most famous event, though, was the series of races for the Schneider Trophy, a truly international speed contest for seaplanes, which was held at various locations around the world, starting with Monaco (1913).
These informal events unite like-minded typists for swapping, letter writing, speed contests and, sometimes, political activism.
Sporting aviation dates back to the early days of flying, when aviation pioneers used distance and speed contests as a means of developing and testing airplanes.
This type of racing consists of a series of acceleration, or top speed, contests, each between two racers, on a straight, smooth-surfaced course that is one-quarter mile long.
(The interface won't win any speed contests, either).
Police in Southern California have grown increasingly concerned about street racing-related incidents in recent months, after a spate of deaths were linked to illegal speed contests.
