Australian aerospace co inks MOU with Lockheed Martin
Tue. November 03, 2009; Posted: 08:41 PM
PERTH, Nov 4, 2009 (Asia In Focus via COMTEX) --
LMT |
Quote |
Chart |
News |
PowerRating -- QUICKSTEP HOLDINGS LTD
(ASX:QHL) has struck an agreement with LOCKHEED MARTIN
CORPORATION and another US aerospace giant that puts it on
track to win a A$700 million (US$631.33 million) plus contract
to manufacture components for the joint strike fighter (JSF)
aircraft. The new generation aircraft is being developed for US
and UK armed forces and allies, while the Australian government
plans to acquire up to 100 to replace its Hornets and F-111s
from 2012.
* Quickstep said in a statement on Wednesday that it had
signed a memorandum of understanding with Lockheed Martin and
NORTHROP FRUMMAN SYSTEMS CORPORATION to build key components
for the JSF.
* Quickstep, which manufactures strong, lightweight
composite products for the aerospace sector at facilities south
of Perth, says the deal could generate more than A$50 million
in annual turnover by 2015.
For full details on Lockheed Martin Corp (LMT)
click here. Lockheed Martin Corp (LMT) has Short Term PowerRatings of 3. Details on Lockheed Martin Corp (LMT) Short Term PowerRatings is available at
This Link.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index