Quickstep have announced that they have received the first order from Lockheed Martin to start supplying the composite wing flaps for the C-130J Super Hercules aircraft.
The order covers preliminary work such as planning, tooling and training activities which are already underway. This component of the contract is expected to be valued between $1.4 million to $1.6 million and will be completed prior to the first delivery of parts.
Together with the recent approval of an export licence, these activities pave the way to finalising the long term agreement with Lockheed Martin. The agreement is estimated to generate revenues of $75 million to $100 million for Quickstep over the next five years.
Quickstep will prepare to manufacture initial components. First delivery of parts is expected in the first quarter of 2014, in line with global supply chain delivery arrangements.
The company currently work with several of the world’s largest aerospace companies and have just recently opened a new composite manufacturing facility in Sydney.
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