Australia's Quickstep jumps on upbeat demand forecast

Quickstep Holdings

18/06/2024 03:21

** Shares of Quickstep Holdings  QHL.AX  rise as much as 20%
to A$0.210, their highest since April 30
    ** Aerospace engineering co says over the coming months, it
will receive multi-year orders under its long-term agreements
with defence contractors Northrop Grumman  NOC.N , Lockheed
Martin  LMT.N  and Marand
    ** Says orders will provide consistent demand for its 'F-35'
components till FY27 and 'C-130' components till FY29
    ** About 158,000 shares change hands, compared with the
30-day average volume of around 79,000
    ** Stock down 35.2% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))