Quickstep wins Manufacturer of the Year at 2011 Endeavour Awards

(PresseBox) ( Ottobrunn, )
Quickstep Holdings Limited (ASX: QHL - "Quickstep" or "the Company") is pleased to announce that it was awarded Manufacturer of the Year at last night's 2011 Manufacturers' Monthly Endeavour Awards in Melbourne.

The Company also received the Global Integration Award, which recognises manufacturers who have successfully engaged in international supply chains.

Quickstep received the awards in recognition of its efforts to successfully enter the F-35 supply chain culminating in the recent signing of a Long Term Agreement (LTA) for manufacturing for the international F-35 Joint Strike Fighter (JSF) program - the largest military aerospace program in the world, currently valued at in excess of US$300 billion worldwide.

Commenting on the awards, the Minister for Innovation, Senator Kim Carr, said: "Manufacturing is at the centre of a modern economy and these awards recognise leaders in different fields. They show the importance of innovation and what manufacturing can achieve."

Managing Director of Quickstep, Mr Philippe Odouard, said the receipt of both the Global Integration Award and 2011 Manufacturer of the Year was an outstanding achievement for the Company, and a testament to the hard work of the Quickstep team.

"We are delighted to have been recognised for our work on the Joint Strike Fighter program," he said. "The signing of a Long Term Agreement to manufacturing parts for the F-35 a 5th Generation stealth fighter was a landmark event for Quickstep and prepares the Company for further defence and aerospace contracts to be manufactured here in Australia. I would like to pay tribute to each of the Company's team members for their vital contributions."

The LTA, which was signed in February 2011, represents the first of several agreements which will implement the Memorandum of Understanding (MOU) signed in November 2009 with F-35 prime contractor Lockheed Martin and Northrop Grumman, one of its principal F-35 subcontractors.

Under the MOU, Quickstep will supply a range of JSF components, including a large number of composite doors and panels. The total value of the contracts is expected to be in the hundreds of millions over the period of some 22 years with first parts scheduled for delivery in 2012.
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