Page 10 - Defence Industry Guide #54 2021

10 DEFENCE NEWS
ADM’s Defence Industry Guide 2021 | Edition 54 | www.defencesuppliers.com.au
TRIUMPH GROUP AND
QUICKSTEP SIGN MRO AGREEMENT
QUICKSTEP has signed a non-binding memorandum of understanding in relation to a proposed aftermarket services agreement with Triumph Aviation Services Asia (TASA), a sub- sidiary of Triumph Group covering the Australasia region.
LEFT: Quickstep Aerospace Services and Triumph Aviation Services have signed a memorandum of understanding.
TASA and Quickstep Aero- space Services (QAS) say they intend to create a strategic alli- ance to provide
airlines and MRO customers greater regional coverage for maintenance, re- pair and overhaul (MRO) services.
The memorandum of understanding envisions a ‘broad scope’, including services such as MRO, spares pooling and repair development for the aero
structures market that aims to en- able efficient regional coverage with greater operational availability for op- erators. The intended QAS work scope will be completed at its new Tullama- rine facility.
“The parties intend that the pro- posed arrangement will benefit air- line customers by providing seamless support while simplifying the airlines’ supply chain and improving cost-effec- tiveness,” a company statement read.
“Quickstep Aerospace Services is delighted to take this potential growth opportunity forward with Triumph,” Tim Gent, Executive General Man- ager QAS said. “Our customers are expected to benefit from the expertise of design and repair that both parties bring to this arrangement. This a great opportunity to deliver key capabilities as post-pandemic recovery in the air- line sector gathers pace across Aus- tralasia.” ■
remain the nation’s largest indepen- dent provider of maritime services.
“The combination of our world-class naval architecture, design and engi- neering services with Leidos’ speed, security and scale will significantly enhance our combined offerings in the fast growing maritime undersea, au- tonomous and cyber security segments.
“We look forward to mapping a new Gibbs & Cox with Leidos for the next 90 years.” ■
LEIDOS BUYS GIBBS AND COX
LEIDOS Holdings has announced the completed acquisition of ship design firm Gibbs & Cox for approximately US$380 million ($484 million) in cash.
The transaction, first announced in February, will see Gibbs & Cox now operate as a wholly-owned subsidiary and be combined with Leidos’ mari- time systems division.
Leidos says that the acquisition posi- tions the company to provide a broad set of engineering solutions to the US Navy and to an expanding set of foreign navies.
“We are delighted to welcome the Gibbs & Cox team to the Leidos fam- ily,” Leidos Chairman and CEO Roger Krone said. “Gibbs & Cox is widely regarded for developing the most tal- ented and experienced naval designers in the world.
RIGHT: A Gibbs & Cox designed Arleigh Burke class destroyer.
“We look forward to this new era of innovation while combining the best of both companies.”
“We are excited to join Leidos, whose employee culture and history of innovation strongly mirror our own legendary 91-year history,” Gibbs & Cox President and Chief Executive Chris Deegan said. “Gibbs & Cox will
US DOD
QAS