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Quickstep receives US$12 million Lockheed Martin purchase order

Carbon composites manufacturer Quickstep (ASX:QHL) today announced it has secured 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 is to be undertaken at the Bankstown aerospace facility recently established by Quickstep. The order is valued at US$12 million. Deliveries are expected to commence 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.

"We are delighted to receive this further purchase order for the C-130J Hercules contract, which continues our substantial progress since Quickstep was awarded the tender in March, after bidding in an internationally competed program," said Mr. Philippe Odouard, Managing Director for Quickstep. "We are proud of our relationship with Lockheed Martin. This contract builds on our growing reputation for providing high-quality carbon composite products to global supply chains."

Demand for the C-130J remains strong. Since the model was first introduced, it has proven its value as the workhorse of airlift worldwide.

The purchase order is part of an overall agreement with Lockheed Martin expected to generate revenues of between US$75 million to US$100 million for Quickstep over five years. Since initiation, more than 2,400 C-130 aircraft have been built in the longest continuously operating military aircraft production in history.

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. It is expected to generate up to $700 million in revenues for Quickstep over the next 20 years. Quickstep expects to be one of the largest Australian contributors to the JSF Program.

Press release issued by Quickstep Holdings Ltd. on September 28, 2012


 Contact details from our directory:
Quickstep Holdings Ltd. Aircraft Doors, Fuselage Sections, Subcontracted Composite Parts, Composite Design Consultants, Composite Manufacturing Services, Empennages, Wing Flaps, Carbon-reinforced Composites, Foam Core Composites, Laminates, Ultrasonic Testing
Lockheed Martin Aeronautics Company Airframer


 Related aircraft programs:
Lockheed Martin C-130J Hercules


 Related directory sectors:
Airframe Assemblies

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