Sep 28, 2012

Australian Financial Review - ‘Stocks to watch at noon on Friday’ Friday, 28 September 2012

  • QUICKSTEP HOLDINGS - up 1.5 cents, or 9.4 percent, at 17.5 cents: Carbon composites manufacturer Quickstep has received a $US12 million order for aircraft wing flaps, its largest ever aerospace production order.


Aviation Business - ‘Quickstep scores another Lockheed Martin contract’ Friday, 28 September 2012

  • Australian carbon composites manufacturer Quickstep has announced its largest aerospace production order to date.
  • The purchase order covers the manufacture and delivery of composite carbon fibre wing flaps for 24 Lockheed Martin C-130J Hercules aircraft.
  • The work, which is valued at US$12 million, is to be undertaken at the Bankstown aerospace facility recently established by Quickstep in     Sydney.
  • Deliveries are expected to commence in the December quarter of 2013 at an approximate rate of two sets per month.
  • The order is in addition to the initial purchase order from Lockheed Martin for preliminary work announced in August 2012, which is expected to be completed prior to the first delivery of parts.
  • Each set of wing flaps comprises four parts with an aluminium structure and skins of carbon fibre composite, providing light, strong components capable of great endurance and longevity.
  • The purchase order is part of an overall agreement with Lockheed Martin expected to generate revenues of between US$75 million to $100 million for Quickstep over five years.
  • The C130-J flap program is the second aerospace program awarded to Quickstep by Lockheed Martin, following contracts to produce components for the F-35 Joint Strike Fighter program.


Manufacturers’ Monthly - ‘Quickstep secures aircraft contract’ by Hetaal Badiyani, Friday, 28 September 2012

  • Carbon composites manufacturer Quickstep has secured its largest production order to date.
  • Under the purchase order, the company will manufacture and deliver composite carbon fibre wing flaps for 24 Lockheed Martin C-130J Hercules aircraft.
  • The production will commence at Quickstep’s newly established aerospace facility at Bankstown, and deliveries are expected to commence in December 2013.
  • Quickstep’s managing director Philippe Odouard said the company was delighted to receive this order.
  • “We are proud of our relationship with Lockheed Martin. This contact builds on our growing reputation for providing high-quality carbon composite products to globally supply chains,” Odouard stated.
  • The Lockheed Martin C130-J flap program is the second aerospace program awarded to Quickstep, following its contracts to produce components for the F-35 lightning II Joint Strike Fighter Program.
  • The deal is expected to generate up to $700 million in revenues for Quickstep over the next 20 years.
  • Quickstep is expected to become one of the largest Australian contributors to the JSF Program.

 

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