Quickstep Receives the First Purchase Order to Supply Composite Wing Flaps for the C-130J Super Hercules Aircraft

september 4 2012

Carbon composites manufacturer Quickstep has received the first purchase order relating to its contract with Lockheed Martin to supply 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 grant of an export licence, these activities pave the way to finalizing the long term agreement (LTA) with Lockheed Martin. The LTA is estimated to generate revenues of $75 million to $100 million over five years.
First delivery of parts is expected in 1Q2014, in line with global supply chain delivery arrangements.

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