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QinetiQ maintains expectations in trading update

The FTSE 250 defence technology company said its EMEA Service division had increased both its revenue and orders compared to the same period last year

Military fighter jets
The firm's Global Products division had continued to grow orders and revenues

QinetiQ Group PLC (LON:QQ.) has made no change to its expectations for the current financial year in a trading update for its first quarter.

The FTSE 250 defence technology company said its EMEA Service division had increased both its revenue and orders compared to the same period last year, while revenue under contract was in line with expectations for the point in the year.

READ: QinetiQ acquires Germany-based airborne training provider

The firm also said its Global Products division had continued to grow orders and revenues organically over the period, with its North America division reporting a good performance driven by demand for robots and survivability products while its Target Systems arm was continuing to grow and enhance its product portfolio.

QinetiQ also announced that its annual general meeting would be held at 11 am on Wednesday.

In early morning trading Wednesday, QinetiQ shares were up 0.3% at 272.3p.

Quick facts: QinetiQ

Price: 309 GBX

LSE:QQ.
Market: LSE
Market Cap: £1.75 billion
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