QHL has all the makings of a triple bagger imo.
Is Quickstep working with Chemring & the US to address and rectify the situation and hopefully return a favorable resolution ?
I mean, the newly opened ' Quickstep’s custom-built flare housing manufacturing facility ' surely should be able to produce what is required.
The Chairman, Patrick Largier, bought 400,000 shares @ 6.5c on the 26 March following the bad news on the 22 March when Quickstep advised that Chemring had not accepted Quickstep's proposal to supply MJU-68B flair housings for the F-35. Maybe the board knows more than we do about the probable outcome of Quickstep's protest over the Chemring deal.
Quickstep said the grounds for this decision are contestable and Quickstep has initiated a formal protest to the United States and Australian Departments of Defence in respect of Chemring’s decision.
Mark Burgess promptly addressed the question regarding what was contestable .....
Plausible and prompt response from Mark Burgess, CEO of Quickstep, as follows:We are bound by customer confidentiality on this program and, as you would expect, a formal protest involving components for a key F-35 operational capability involving both the US and Australian governments is a sensitive process.We have balanced our disclosure obligations with customer confidentiality. The ASX release is factual and as comprehensive as possible at this stage. We will provide further updates as appropriate.
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Go QHL !!
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