Quickstep (ASX:QHL) has signed a ‘significant’ new contract with Carbonix (ASX:CG1) for the production and supply of composite aerostructures for their latest long-range drone.

The company reports the contract is valued at $2.3 million and includes engineering, tooling, and production of an initial 40 drone aerostructures.

“We anticipate the demand for this aircraft will substantially exceed the initial production volume”

Commenting on the new contract, Quickstep Managing Director Mark Burgess said: “Our engineering-led solutions have great traction with drone companies and we are delighted to be supporting Carbonix as they increase their market penetration in Australia and the U.S.

We anticipate the demand for this aircraft will substantially exceed the initial production volume.”

Quickstep reports the period of performance will run from May 2923 through to June 2024. Additionally, the company states that all work will be undertaken at its Geelong facility.

Quickstep Holdings is the ‘largest independent’ aerospace composite business in Australia. The company has facilities located in Sydney, Geelong, and Melbourne in Australia, as well as in Dallas, U.S. Quickstep employs more than 280 people within Australia and internationally.