Founding Cluster member Quickstep has announced plans to acquire Boeing Defence Australia’s maintenance, repair, and overhaul (MRO) capability, based in Victoria.
Under the terms of the Asset Purchase Agreement, Quickstep will acquire operating assets plus inventories and certain customer contracts from Boeing Australia Component Repairs (BACR).
“We are delighted to soon be welcoming highly capable aerospace employees from the BACR business to Quickstep. The acquisition of this important national capability aligns well to our business strategy, positions us to grow our defence sustainment business, and opens up new opportunities in the high-value commercial aftermarket as we move toward post-pandemic recovery.”
Mark Burgess, Quickstep CEO
As part of acquisition – due to be complete by the end of the calendar year – Quickstep has also offered to onboard certain Boeing Australia Component Repairs (BACR) employees.
Their experience working with in the aerospace sector positions them well to make the most of existing relationships and strengthening collaboration to provide a broader scope of capabilities to Boeing Defence Australia’s MRO.
“We’re pleased that this agreement will offer Quickstep – a well-established and highly capable Australian company – the ability to grow its unique sovereign capability to the benefit of regional commercial and defence customers. We look forward to continuing to work with Quickstep on new opportunities to increase their support of Boeing customers locally and globally.”
Scott Carpendale, Vice President and Managing Director of Boeing Defence Australia.
Additionally, Boeing Defence Australia and Quickstep will commence discussions regarding long-term agreements around ongoing collaborations on both military and commercial aerospace projects.
Nov 2020