Carbon fibre manufacturer, Quickstep Holdings, has announced that it plans to invest $10 million to expand its aerospace manufacturing operations in Bankstown to support its manufacturing of Joint Strike Fighter (JSF) components.
Lockheed Martin executive-vice president Jeff Babione, who is visiting Australia this week, said that the Bankstown facilities are key part of the JSF supply chain.
“Quickstep is a key supplier to the JSF program and has made substantial investments in its Bankstown manufacturing facilities. I am pleased to see that Quickstep has made itself ready, in preparation for the JSF volume growth that is about to commence”.
The company has also invested $5 million of to increase capacity for the manufacture of major composite parts for the JSF Program for Northrop Grumman under a contract valued at $700m over the life of the program.
All up, 558 JSF parts were manufactured for Northrop in financial year 2016, and the program is now increasing with Quickstep hoping to triple its volume of production.