Quickstep restructures its aerospace structures business

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…

Quickstep sees aerospace orders out to FY29

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…