Aug 4, 2017

The Australian – ‘Quickstep, F-35 parts maker, pivots for profit,’ by Gregor Ferguson, Friday, 4 August 2017

  • Quickstep’s new chief executive, Mark Burgess this week announced a pivot aimed at nearly doubling sales revenue with a renewed focus on aerospace and defence.
  • The Bankstown, Sydney, company’s new trajectory includes taking the carbon-fibrecomposites manufacturer into its first profit, a shake-out in senior management and a 5 per cent cut in costs this financial year.
  • By the start of the 2021-22 financial year, Mr Burgess told The Australian, sales should l have risen to more than $90 million, compared with $51.9m in 2016-17.

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