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Qinetiq Group Maintains Expectations For FY Operating Profit With High Single Digit Revenue Growth
Qinetiq's Space Business Secures New Contract With European Space Agency
QinetiQ Group Plc Says Unit Secures New ESA Contract As New Facility Goes Live
QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company's segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services. The Global Products segment delivers solutions and undertakes contract-funded research and development, developing intellectual property in partnership with customers and through internal funding. It offers advice, services and technology-based products. Its customers include government organizations, including defense departments, as well as international customers. The Company operates in Australia, Belgium, Canada, Sweden, the United Arab Emirates and the United States.
Cody Technology Park, Old Ively Road
Neil Anthony Johnson
Non-Executive Independent Chairman of the Board
Chief Executive Officer, Executive Director
Deputy Chairman and Senior Independent Non-Executive Director
Chief Financial Officer, Executive Director
Group General Counsel, Company Secretary
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British defence company Qinetiq said it was confident of further growing its non-UK business, with more acquisitions possible, after posting a 5 percent rise in profit last year.
* UNDERLYING OPERATING PROFIT UP 5%, ASSISTED BY £8.7M NON-RECURRING TRADING ITEMS (2017: £7.4M), BROADLY FLAT ON AN ORGANIC BASIS
British defence company QinetiQ <QQ.L> said it agreed to acquire a Germany-based air training company for 70 million euros (61.33 million pounds), providing it with exposure to a new and growing European market, and boosting its shares.
* GROUP MAINTAINS ITS EXPECTATIONS FOR OVERALL PERFORMANCE FOR FY18
* H1 underlying operating profit rose 11 percent to 57.5 million stg
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