Quickstep Holdings has signed a letter of intent (LOI) for future collaboration with Triumph Group, a global leader in manufacturing and overhauling aerospace structures, systems and components, headquartered in the US.
Triumph’s aerospace structures business unit and Quickstep will work closely together to actively explore and co-operate in pursuing new business opportunities, bringing together their combined capabilities to offer enhanced and highly sought-after composites solutions to customers in the US and Australian aerospace and defence markets.
Mark Burgess, CEO and managing director of Quickstep, said, “This is an exciting opportunity for Quickstep and demonstrates that our recent investments in the US market are already paying off. Triumph is a quality company, with a strong track record in the composite aero-structures market and we believe we will benefit greatly from this collaboration with them.”
Triumph and Quickstep have already identified targeted future opportunities to collaborate on and this is expected to accelerate with the signing of the agreement.
“Working together with Quickstep, we expect to gain access to new opportunities and create market-leading discriminators that will set us apart from our competitors,” said Ian Reason, Triumph Group vice president for business development – military.
“Composites is a growth market in which Triumph is already a well-respected supplier, heavily relied upon by both commercial and military OEMs. This collaboration will generate significant value for both companies and our customers in both the US and Australia.”
Quickstep Holdings is the largest independent aerospace-grade advanced composite manufacturer in Australia, operating from state-of-the-art aerospace manufacturing facilities at Bankstown Airport in Sydney and a manufacturing and R&D/process development centre in Geelong, Victoria.
The Quickstep group employs more than 200 people in Australia and internationally.
Triumph Group designs, engineers, manufactures, repairs and overhauls a broad portfolio of aircraft structures, components, accessories, sub-assemblies and systems.
The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft, and aircraft components, as well as commercial and regional airlines and air cargo carriers.