Record order book for defence supplier Qinetiq - News Summed Up

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Record order book for defence supplier Qinetiq


Qinetiq, which was spun out of the Ministry of Defence, provides defence research and technology, including battlefield robotics LUKE MACGREGOR/BLOOMBERG VIA GETTY IMAGESQinetiq, the defence technology specialist, has reported a record £3.1 billion order book and says it is on track for further growth next year. Underlying operating profits edged up by 1 per cent to £124 million and the company increased its dividend by 5 per cent to 6.6p a share. Qinetiq, which was spun out of the Ministry of Defence, listed in London in 2006. It provides defence research and technology, including battlefield robotics, and employs about 6,000 people. The company derives the majority of its revenues from the British government.…


Source: The Times May 23, 2019 23:07 UTC



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