QHL 2.94% 16.5¢ quickstep holdings limited

Ann: Quicksteps Next Step Toward $700M JSF Manufa, page-3

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    Under the terms of the MOU, Quickstep would supply 21 different F-35 components. The parts would then
    be exported to the United States for incorporation into F-35s globally. The manufacturing program is planned
    to last between 20 and 30 years and generate annual turnover of up to $50 million by 2015.

    Commenting on the announcement, Quickstep Chief Executive Philippe Odouard said: ?The signing of this
    Manufacturing License Agreement will establish an essential transfer of data between Quickstep and Northrop
    Grumman to enable Quickstep to complete the final preparations for the planned signing of the Long Term
    Agreement for F-35 manufacturing in the second quarter of 2010. This is a key step for Quickstep along the
    road to aerospace manufacturing.?
 
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