Quickstep Holdings Ltd. announced that it has agreed final terms for a multi-year firm order from Northrop Grumman Corporation for the supply of F-35 centre fuselage components pursuant to the existing Memorandum of Understanding with this customer. The total firm order value is USD 105 million and relates to Lots 15 through 17, which will be supplied under a new 6 year price agreement covering production of Lots 15 through 20 (with Lots 18 to 20 not yet subject to firm orders). Previous orders from Northrop Grumman have related to single lots only.

Key terms: 6 lot price agreement through 2028, with firm orders for Lots 15-17 received; Total firm order value is USD 105 million for Lots 15-17 (increasing to USD 195 million in total if Lots 18-20 are also subject to firm orders in due course); Period of performance for firm orders is 2022 to 2025 (with work on Lot 15 having commenced); and Work will be conducted at the company's Aerostructures site at Bankstown, NSW.