Quickstep Holdings Ltd: Update on Major Contracts

Quickstep Holdings Ltd (ASX: QHL) announced the completion of critical negotiations with its Tier 1 defense customers, achieving terms that ensure favorable volumes and pricing adjustments.C-130 Program with Lockheed Martin: It has successfully negotiated increased volume and pricing for the C-130 program following the MYIII contract. This agreement covers deliveries from February 2025 to December 2029, with new pricing adjustments taking effect from February 2025.F-35 Vertical Tail Program with Marand: The negotiations have culminated in agreements to produce vertical tail components. This contract spans production from September 2024 to June 2026, with pricing adjustments applicable from September 2024.F-35 Program with Northrop Grumman: It has received a definitized purchase order for Lot 19, solidifying demand for component production in FY26 to the first half of FY27.

These negotiations have secured essential volume commitments and favorable pricing for the next several years. Combined with the planned restructuring of its Bankstown business in July 2024, it expects to see a significant boost in profitability for its Structures business. This anticipated improvement is already evident in its Q1 FY25 results. These contract successes underscore its strong partnerships with Tier 1 global industry leaders and reaffirm its commitment to advancing the global defense sector.

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