Aerospace composites business Quickstep Holdings expects to finalise volumes by the end of the year for a five-year follow-on contract to supply Lockheed Martin with C-130J Hercules trailing edge flaps.
Quickstep announced on Monday it had agreed binding contractual terms with the US company for the follow-on work, expected to be worth up to $96 million. The current C-130J contract runs until December 2024 and was valued at $86.5 million.
“Once the formal award is made later this year we anticipate firm order cover through 2029 on this important program,” said Quickstep CEO and Managing Director Mark Burgess in a statement.
“We are delighted that our long term partnership with Lockheed Martin continues to strengthen and honoured that they place their ongoing trust in Quickstep’s engineering, quality and manufacturing expertise.”
All work under the contract will be completed at Quickstep’s Bankstown factory, where the company produces components for Lockheed’s global F-35 Joint Strike Fighter (JSF) program.
Quickstep announced a milestone of 200 shipsets for the C-130J Hercules — currently in service with the RAAF — in June 2021.
Picture: RAAF/c-130J Super Hercules