New JSF contract boosts Quickstep

Sydney-based manufacturer Quickstep has announced a new order from the Joint Strike Fighter jet program that has boosted its order book to over $20 million.

In a statement yesterday Quickstep said the order had been made by global aerospace company Northrop Grumman Corporation during the third quarter of 2012-13.

 

The order was part of a spate of long term agreements already in place between Quickstep and Northrop, and the NSW manufacturer said the JSF parts would be made at its new Bankstown Airport facility, and most parts would be delivered before the end of 2014.

 

Quickstep is providing carbon fibre composite skins and assemblies for the JSF program, and the total agreement is valued at around $700 million over two decades.

 

At its peak Quickstep said it was expected to generate JSF revenue of around $40 million an annum.

 

“This new purchase order from Northrop demonstrates the increasing significance of Quickstep's role as a supplier to the JSF program,” Quickstep managing director Philippe Odouard said.

 

“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.”