Quickstep Holdings' new defence deals

Quickstep Holdings (ASX:QHL), an independent aerospace composite company in Australia, has concluded negotiations with major Tier 1 defence customers. These agreements bring new volume commitments and pricing adjustments for key defence programs, promising enhanced profitability.

Quickstep Holdings' strategic outlook

Quickstep Holdings has secured increased volume and pricing adjustments for its C-130 program with Lockheed Martin, effective from February 2025 to December 2029. It has also finalized agreements for the F-35 Vertical Tail Program with Marand, effective from September 2024 to June 2026, and received a purchase order for the F-35 Program with Northrop Grumman, covering FY26 to FY27 H1. These contracts are anticipated to enhance profitability for Quickstep's structures business. A restructuring of the Bankstown business in July 2024 is expected to further boost profitability. Quickstep remains committed to strengthening its position in the global defence market.

Executive insights on Quickstep's achievements

The successful negotiations and contract finalizations reflect Quickstep's robust partnerships with leading global defence industry players and underscore its commitment to participating in the evolving global defence landscape. These agreements are expected to result in significantly increased profitability for Quickstep's structures business, as evidenced by improved financial results in Q1 FY25.