Business
Why the Quickstep (ASX:QHL) share price is up 5% today // Motley Fool Australia
The Quickstep Holdings Limited (ASX: QHL) share price is climbing higher today on news of an acquisition agreement.
At the time of writing, shares in the carbon fibre composites manufacturer are trading up 4.94% to 8.5 cents.
What’s the agreement?
Quickstep has agreed to the terms to purchase Boeing Defence Australia’s aerospace maintenance, repair and overhaul (MRO) capability.
Base in Tullamarine, Victoria, Boeing Australia Component Repairs (BACR) manages a wide range of aircraft structures for both commercial and military use. The company fields recent experience working with Boeing, Airbus, Embraer and Bombardier aircraft. This includes fighter aircraft such as the F/A Hornets, military transport planes C-130J Hercules and…
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