QinetiQ Group PLC (LSE:QQ.) has announced the renewal of the Maritime Strategic Capability Arrangement (MSCA) with the Submarine Delivery Agency for a further 10 years, a deal worth £259mln.
The agreement includes an option for an additional five-year extension.
The MSCA delivers capabilities that include independent design, test, evaluation and assurance services covering Hydromechanics, Stealth and Signatures, Structures and Maritime Life Support.
Nic Anderson, chief executive of UK Defence at QinetiQ, said: "The award of the MSCA contract demonstrates the ongoing commitment of the Ministry of Defence and the Submarine Delivery Agency in working with QinetiQ to deliver and assure critical maritime capability to the UK.”