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Quickstep receives additional purchase order from Lockheed Martin

11 July 2014

Quickstep Holdings Limited, an Australian manufacturer of high-grade carbon fibre components, has received a new purchase order for 19 sets of C-130J wing flaps from global security and aerospace company, Lockheed Martin.

Deliveries under the US $11.2 million purchase order are expected to begin in mid-2015 and bring the total firm production orders to 55 wing flap sets.

Each set has four wing flaps, each including more than 200 individual parts such as carbon ribs, spars and skins. Quickstep manufactures these components at its Bankstown Airport aerospace facility. Quickstep has delivered seven complete wing flap sets to Lockheed Martin since the initial set was shipped in February 2014. Production is continuing at an approximate rate of two sets per month and is expected to accelerate to three sets per month during the second half of 2014.

Quickstep executive director, Philippe Odouard, said: "We are very pleased to receive this new order, which locks in Quickstep's C-130J delivery schedule through 2015. The continuing contract flow attests to our positive working relationship with Lockheed Martin and demonstrates our strong progress on this important aerospace contract."

Lockheed Martin awarded Quickstep the tender to manufacture wing flaps for its C-130J Super Hercules aircraft in March 2012. Over the life of the Memorandum of Understanding with Lockheed Martin, Quickstep will supply 120 sets of carbon-fibre flaps through to 2018.

The C-130J has been ordered by 16 countries and is the latest model of the C-130 Hercules military transport aircraft which has been in continuous production for 60 years.

Issued:
11/07/2014

Media Contact Details::
Ashley Rambukwella / Robert Williams
Financial & Corporate Relations
T: +61 2 8264 1004 / 0407 231 282
E: a.rambukwella@fcr.com.au or r.williams@fcr.com.au