Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Aerospace

QinetiQ wins US$127m contract with US Department of Defense

British defence contractor QinetiQ Group PLC (LSE:QQ.) has secured a five-year, US$127 million contract from the US Office of the Secretary of Defense Strategic Capabilities Office (SCO).

According to a statement, QinetiQ will provide “secure, technologically advanced services and products” aimed at helping SCO deploy new and enhanced capabilities in support of strategic operations.

The contract will support SCO’s mission to identify, analyse, and prototype disruptive applications of new systems, and implement emerging technologies to create operational effects that counter strategic adversaries.

It follows a US$224 million contract award to the group by the Space Development Agency in August.

QinetiQ also won an US$84 million contract to make bomb suits for the US Army's bomb disposal experts earlier this week.

Steve Wadey, group chief executive of QinetiQ, stated: "The award of this new contract is evidence of our US business continuing to deliver against our ambitious growth plan.

“The capabilities we acquired with Avantus last year are highly relevant to our customers and provide key services in support of their mission to solve some of the most complex national security challenges."

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK