Australia's Quickstep Holdings jumps most in 1-1/2 months on new contract

Quickstep Holdings

30/01/2023 24:42

** Shares of Quickstep Holdings  QHL.AX  climb as much as
6.5% to A$0.570, their biggest intraday pct gain since Dec 19,
2022
    ** The aerospace component maker says its Aerostructures
business has secured a contract award from Dronamics for the
production and supply of their Black Swan unmanned cargo
aircraft
    ** Says anticipated value of the firm contract requirement
is likely to be in the range of A$4.5 mln ($3.20 mln) to A$5.5
mln
    ** Says contracted work to start in March
    ** Shares touch their highest level since Jan 23
    ** Stock rose 22.7% in 2022
    ($1 = 1.4067 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))