Australia's Quickstep Holdings hits over 2-week high on securing new order

Quickstep Holdings

19/01/2023 24:48

** Shares of aerospace component maker, Quickstep Holdings
Ltd  QHL.AX  jump as much as 2.7% to A$0.570, their highest
level since Jan 3
    ** Co says its Aerostructures business has secured an order
for Lot 17 F-35 vertical tail components from Marand Precision
Engineering
    ** Says order value is A$11.3 mln ($7.85 mln)
    ** Says order will be delivered in FY24 and FY25 from the
group's Bankstown facility 
    ** Stock gained 22.7% in 2022
($1 = 1.4401 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))