QinetiQ Group - Investing for growth
The transformation at QinetiQ continues. The H118 report has demonstrated the contribution from recent acquisitions, the longer-term nature of contracts and the broadening international reach of the company. While the UK defence market is not without challenges, QinetiQ’s strategy is focused on delivering efficiencies for the UK MOD and investing for medium-term growth. Importantly, FY18 guidance has been maintained. We make small adjustments to our FY18 and FY19 estimates.Qinetiq Group is a science and engineering company operating primarily in the defence, security and aerospace markets. Co. operates two divisions: EMEA Services, which provides advice and services, particularly test and evaluation; and Global Products, which delivers products and solutions supported by research and development which is often funded by customers. Co. operates in three home markets: the U.K., the U.S. and Australia.
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