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Quickstep Holdings Limited - Announcement
Quickstep (ASX:QHL) (F-35 Joint Strike Fighter supplier) announced today (24 Oct) that it is collaborating with US-based seating and interior systems supplier Futuris Automotive Group, to develop a composite front seat back by mid-2017. We see this as further OEM endorsement of QHL’s technological ability in advanced carbon fibre composite parts manufacturing. At current share price levels of A$0.115, we believe QHL offers significant upside potential to our target price of A$0.18ps.