Quickstep - manufacturing JSF fuselage and tail fin parts – is (not surprisingly) listed as one of the Australian companies that will participate in this program.
The announcement states that the “Turnbull Government has made defence industry a major part of its economic plan” and “it is estimated that this initial work will be worth between A$80m and A$100m in today’s dollars and will create and sustain hundreds, if not thousands, of Australian jobs”.
State One comments:
The above initiative opens up the potential for additional revenue streams relative to our base-case scenario. At current share price levels we believe that QHL offers significant upside potential relative to our target price of A$0.18 per share.