Bankstown based Quickstep Holdings has received a $10 million government-backed loan to support its production of parts for the Joint Strike Fighter, the company says.
The funds will be used to upgrade equipment and purchase intellectual property as Quickstep upgrades its new plant at the Bankstown Airport, which is scheduled for a grand opening in December.
Quickstep is scheduled to begin delivering parts to principal F-35 JSF contractor Northrop Grumman in 2012. The parts include composite doors and panels.
The company says it is also working to secure long-term agreements to produce additional parts.
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