Quickstep Holdings Limited
(ASX:QHL) has delivered its first set of wing flaps to global security and aerospace company Lockheed Martin, after inking a $US75 million agreement in December.
The delivery is the first of 24 shipsets of wing flaps to be manufactured by Quickstep under an initial $US12 million purchase order which is included in the agreement.
Quickstep says the delivery was completed ahead of time after it was awarded the tender to make wing flaps for Lockheed Martin’s C-130J Super Hercules aircraft.
The high-grade carbon-fibre component manufacturer says it has also secured a second purchase order from Lockheed Martin under the agreement, valued at $US 9.8 million.
The order covers the delivery of 12 more shipsets beginning in the first half of 2015.
Quickstep booked a net loss of $16.9 million in fiscal 2013.
