Shares in aerospace composites manufacturer Quickstep increased 94 percent today to reach 38 cents on news of a takeover offer that would see the company join an expanding and market leading group of defence suppliers majority owned by CPE Capital. CPE Capital is a highly experienced provider of development capital to medium sized growth businesses…
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…
Aerospace composites manufacturer Quickstep moved back into the black in the fourth quarter FY23 as the company continued to recover from operational and supply chain issues that hit the global industry in FY22. The Sydney company told investors that it had experienced favourable outcomes in all three areas of its business leading to the positive…
The federal government has announced a massive new order for 20 new C-130J Hercules aircraft for the Royal Australian Air Force, but worryingly failed to define Australian industry benefits in the announcement. Defence minister Richard Marles and Defence Industry Minister Pat Conroy revealed the $9.8 billion in spending with Lockheed Martin but were vague about…
