Carbon composites manufacturer Quickstep have announced they have received the first purchase
order relating to their 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 finalising the long
term agreement (LTA) with Lockheed Martin.
The LTA is estimated to generate revenues of $75 million to $100 million over
five years.
Following signing of the LTA, Quickstep will prepare to
manufacture initial components.
First delivery of parts is expected in 2014, in line with global supply chain
delivery arrangements.
Quickstep will manufacture carbon fibre wing flaps for Lockheed Martin's C-130J Hercules aircraft.
