23/11/2009 - 08:29

Quickstep in halt on capital raising

23/11/2009 - 08:29

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Shares in Quickstep Holdings have been placed in a trading halt as the company prepares for a potential capital raising.

Quickstep in halt on capital raising

Shares in Quickstep Holdings have been placed in a trading halt as the company prepares for a potential capital raising.

The company said today it expects to make an announcement by the start of trade on Wednesday. Shares in Quickstep last traded at 56.5 cents.

Quickstep last week signed a $50 million memorandum of understanding with Melbourne-based Marand Precision Engineering to supply composite vertical tail skins for the new Joint Strike Fighter aircrafts.

It follows a potential $700 million Quickstep signed with Lockheed Martin Corporation and aerospace company Northrop Grumman Systems Corporation earlier in the month, to manufacture doors and panels for the JSF.

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