Australia's Quickstep jumps on Carbonix drone contract

Quickstep Holdings

03/04/2023 04:14

** Shares of Quickstep Holdings  QHL.AX  climb as much as
12.1% to A$0.37, hitting their highest since March 10
    ** The aerospace component maker says it has secured a
"significant" new contract with drone maker Carbonix
    ** Co says contract is for production & supply of composite
aerostructures for Carbonix's latest long-range drone
    ** Adds contract is worth A$2.34 mln ($1.56 mln) & includes
engineering, tooling and production of an initial 40 drone
aerostructures
    ** QHL down 38.9% YTD, as of last close 
    


($1 = 1.4993 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))