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Quickstep receives US$2.6 million purchase orders

News International-French

6 Sep 2013

Quickstep Holdings Limited, the manufacturer of high‐grade carbon‐fibre composite components, announces that it has received additional purchase orders worth US$2.6 million for non‐recurring work related to existing aerospace agreements.

The orders are for non-recurring program start up activities in support of Quickstep’s aerospace contracts, with the majority to be completed during 2013. Work will be undertaken at the company’s state of the art carbon-fibre composites facility at Bankstown Airport, which opened in June 2012. It has the capacity to serve large‐scale, long‐term contracts and delivered its first components to global supply chain contracts in February 2013.

Quickstep managing director, Philippe Odouard, said: “These purchase orders demonstrate Quickstep’s increasing momentum as our aerospace production work continues to grow. We look forward to further orders as our customers’ programs advance, as well as sales to new customers.”

Quickstep’s firm order book now stands at AUD30 million, with a substantial proportion of orders to be completed in the next 18 months.

About Quickstep:
Quickstep Holdings is a manufacturer of advanced carbon fibre composites for the aerospace and defence and automotive industries. The company operates state‐of‐the‐art manufacturing facilities at Bankstown Airport in Sydney, Australia, and has offices in Germany and the United States.

Quickstep is an approved supplier for the international F‐35 Lightning II Joint Strike Fighter (JSF) program - the largest military aerospace program in the world, valued at in excess of US$300 billion worldwide. To date more than 68 JSF aircraft have been delivered to the US Department of Defense, and this number is now expected to grow rapidly. The company has also been selected by Lockheed Martin as the sole supplier of composite wing flaps for the C-130J “Hercules” military transport aircraft. Quickstep is currently partnering with some of the world’s largest aerospace/defence organisations, including the US Department of Defense, Lockheed Martin, Northrop Grumman, Airbus and EADS.

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