Australia's Quickstep Holdings hits 11-month high on maintenance contract win

Quickstep Holdings

05/04/2022 04:01

** Shares of Quickstep Holdings  QHL.AX  rise as much as
12.07% to A$0.65, their highest since April 20 
    ** Co set for best trading session since March 15, if gains
holds 
    ** The aerospace component maker says it got a long-term
maintenance contract of the V2500 Engine Nacelle by Jetstar
Airways, a part of Quantas  QAN.AX   urn:newsml:reuters.com:*:nGLF3dfcxx
    ** Co says contract value attributable to its work scope is
anticipated to be in the range of A$30 mln ($22.61 mln) to A$35
mln revenue
    ** Stock up 31.82% this year, as of last close 
    
     ($1 = 1.3268 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))