Quickstep receives largest JSF purchase order to date

written by australianaviation.com.au | April 15, 2013
Quickstep CEO, Philippe Odouard

Australian carbon composites manufacturer Quickstep has received more F-35 Joint Strike Fighter (JSF) orders from Northrop Grumman. Quickstep will manufacture parts for the JSF program  at its new Bankstown Airport facility under long-term agreements already signed with Northrop Grumman. Delivery of most of these parts is anticipated before the end of 2014.

Quickstep managing director, Philippe Odouard said: “This new purchase order from Northrop Grumman demonstrates the increasing significance of Quickstep’s role as a supplier to the Joint Strike Fighter program.” Under various agreements Quickstep supplies carbon fibre composite skins and sub-assemblies for the JSF program.

“Together with our existing contract to supply parts for Lockheed Martin’s C-130J, our firm order book is now around $20 million mostly for delivery by the end of calendar year 2014. These recent orders provide the backbone of the revenue growth anticipated from already signed agreements, and should drive a significant increase in manufacturing sales from the 2012/13 year to the 2013/14 year,” Odouard added.

“The overall agreement to supply JSF parts from different original equipment manufacturers is valued at up to $700 million to the company over two decades. At peak production rates, Quickstep is expected to generate JSF revenue of approximately $40 million per annum.”

Advertisement
Advertisement

Did you know that Australian Aviation Magazine comes digitally? Subscribe to Australian Aviation’s digital magazine for just $59.95 a year! Our app is available on mobile, tablet and PC devices! Subscribe now at australianaviation.com.au.

Each day, our subscribers are more informed with the right information.

SIGN UP to the Australian Aviation magazine for high-quality news and features for just $99.95 per year