FY24 was a year for clearing the decks and returning to underlying profit, according to advanced composites manufacturer Quickstep’s yearly financial results. The Sydney company’s full year group revenue exceeded guidance at $99 million with its service group announced for divestiture growing by 94 percent percent year on year to exceed $10 million. With the…
Aerospace composites manufacturer Quickstep is offering to sell its aircraft maintenance division Quickstep Aerospace Services only three years after buying the Tullamarine, Melbourne company. Quickstep paid $2.64 million to buy Boeing Australia Component Repairs Pty Ltd to give itself a new growth business and to add steady MRO income to its high tech manufacture of…
Aerospace composites manufacturer Quickstep has flagged expansions in Australia and potentially the United States as it reported sales up slightly on last year and an underlying operating profit. The Sydney company reported sales for Q4 were four percent down on the same period last year and full year sales up five percent. Sales are being…
Composites manufacturer Quickstep has completed the streamlining of operations of its Structures Business Unit which manufactures parts for F-35 fighter jets and C-130J Hercules transport aircraft. The changes involved a move from a three shift/six-days a week operation to a two shift/five-days a week pattern at its Bankstown, Sydney facility and the implementation of leaner…
Defence contractor Northrop Grumman has foreshadowed further expansion of composites manufacturer Quickstep’s Maintenance, Repair & Overhaul (MRO) capabilities at Melbourne’s Tullamarine airport. Quickstep hosted the aerospace manufacturer to inspect progress in developing its MRO operation which it purchased from Boeing more than two years ago. The company said it was taking delivery of an increasing…
Aerospace composites manufacturer Quickstep is to restructure its businesses in response to a slower pace of orders for F-35 fighter jet components through FY25/FY26, cutting manufacturing shifts and staff numbers at its Bankstown headquarters facility in Sydney. The company, which is becoming increasingly involved in drone manufacture as well as maintenance and sustainment activities, will…
Composites manufacturer Quickstep expects to receive purchase orders for the ongoing production of aerospace components from customers Northrop Grumman, Lockheed Martin and Marand by the end of July 2024. The company, in an update for investors, said that over the coming months production was transitioning to the next phase of multi-year orders under long-term agreements…
Advanced composites manufacturer Quickstep has secured new orders and collaborations with drone customers, spurring a major expansion of its Drone Aerostructures and Payloads business. The company said it had received a follow-on order for 20 Volanti aircraft from drone company Carbonix following its delivery of an order for 40 Volanti’s worth $1.35 million in June.…
Composites manufacturer Quickstep is gaining new successes in the drone manufacturing business, recently passing its 100th drone delivered for customers Swoop Aero and Carbonix. The Sydney company is more used to manufacturing critical aerospace parts such as wing trailing edges for Lockheed Martin’s C-130J Super Hercules transporter and tail components for the F-35 Lightning fighter…
Composites manufacturer Quickstep has launched Quickstep Engineering Solutions allowing companies to benefit from its product development and manufacturing skills. CEO and Managing Director Mark Burgess said the company was thrilled to have productised ‘our incredible engineering offering – product and process design/development, industrial automation and supporting capabilities’. Burgess said: “With over 20 years of expertise…
