defence, page-2

Quickstep gets gov t backing for loan

UPDATE 12.55pm: Quickstep says it has received Federal Government backing for a $10 million loan to help fund its involvement in the F-35 Joint Strike Fighter program, the largest military aerospace program in the world.

The aircraft component company received the loan plus up to $3.3 million in capitalised interest from ANZ with support from the government's Export Finance and Insurance Corporation, which provided an export finance guarantee.

Quickstep said the facility would be used to buy capital equipment and intellectual property to manufacture and supply composite parts required to fulfil contracts under the JSF program.

http://au.news.yahoo.com/thewest/business/a/-/wa/11308357/quickstep-gets-govt-backing-for-loan/