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Press release

Quickstep secures new C-130J purchase order from Lockheed Martin

09/12/2014

Press releaseIssued by Quickstep Holdings Limited.

Quickstep Holdings Limited, the manufacturer of high-grade carbon-fibre components, today announced that it has secured a new purchase order for an additional 12 sets plus spares of C-130J Super Hercules wing flaps from global security and aerospace company, Lockheed Martin.

The purchase order takes the total cumulative order to 67 wing flap sets, and comprises part of Quickstep's overarching U.S. $75 million memorandum of agreement (MOA) to manufacture wing flaps for the Lockheed Martin C-130J Super Hercules aircraft. The outstanding orders are for deliveries through 2015 and 2016.

Nineteen complete wing flap sets have been delivered to Lockheed Martin so far in 2014, from the company's Bankstown Airport aerospace facility.

Quickstep executive Chairman, Tony Quick, said: “We are delighted to receive our third additional purchase order from Lockheed Martin since making our first delivery of C-130J wing flaps in February 2014. The company continues to execute on its existing contacts, demonstrating its ability to deliver on time and to specifications, and securing further contracts."

Lockheed Martin awarded Quickstep the tender to manufacture wing flaps for its C-130J Super Hercules aircraft in March 2012, and signed the U.S. $75 million MOA in December 2013. Over the life of the MOA, Quickstep will supply in excess of 120 sets of carbon-fibre flaps through to 2018.

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