Advanced materials company Quickstep has signed an agreement that will pave the way for it to become a recognised supplier to global helicopter company Sikorski International Operations.
Perth-based advanced materials group Quickstep Holdings will move its manufacturing base to Sydney, after signing a 20-year, $700 million agreement to supply parts for the international F-35 Joint Strike Fighter program.
Quickstep has signed an agreement to allow US-based Vector Resources to use the company's patented Quickstep Process for advanced composites manufacturing.
Quickstep Holdings, in partnership with Vector Composites, has been awarded a $US4 million ($A4.5 million) fund by the US Air Force to help with the Joint Strike Fighter program.
Quickstep Holdings has signed a manufacturing license agreement with Northrop Grumman, which the Coogee-based company said is the next step towards manufacturing $700 million worth of components for the Joint Strike Fighter program.
Shares in Quickstep Holdings have jumped as it secures an agency deal to promote sales in the Middle East and a $10 million convertible loan agreement.
