Ann: Quickstep Receives 1st Purchase Order for F3, page-2

re: Ann: Quickstep Receives 1st Purchase Orde... ?This order for the F-35 components represents Quickstep?s first aerospace global supply chain manufacturing contract ? a huge achievement for the Company following a long and arduous qualification process,? Mr Odouard said. ?Quickstep?s LTA to manufacture Group 1 parts contemplates a 20 year production timeline, representing a long term income stream for the Company.?
?It is of particular importance as this milestone was reached a few days ahead of the schedule set in October 2009. This was made possible by the excellent level of cooperation between Northrop Grumman and Quickstep and the focused and hard work of the Quickstep team.? he said.
Under the framework established in the LTA, Quickstep is set to deliver the first F-35 Lightning II parts in 2012. The Company will supply a variety of F-35 components, including a large number of composite doors and panels.
In parallel with Group 1 part manufacturing, which is expected to commence shortly, Quickstep is also undertaking the qualification process to enable the Company to manufacture Group 2 and Group 3 F-35 components.