QinetiQ Group (QQ.)

Sector:

Defense and Aeronautics

Index:

FTSE 250

466.20p
   
  • Change Today:
    -3.40p
  • 52 Week High: 530.00p
  • 52 Week Low: 361.00p
  • Currency: UK Pounds
  • Shares Issued: 546.53m
  • Volume: 2,234,667
  • Market Cap: £2,547.93m

QinetiQ wins three year UK defence contract worth up to £150m

By Josh White

Date: Friday 11 Oct 2024

LONDON (ShareCast) - (Sharecast News) - QinetiQ announced on Friday that it has been awarded a three-year contract by Defence Digital, part of the UK Ministry of Defence, to support the development of next-generation tactical military communications systems.

The FTSE 250 company said the contract, valued at up to £150m, would provide the British Army with enhanced communication capabilities to improve decision-making on the front line.

It said the initial contract award was worth £39 million, with options for extension for up to two additional years.

As part of the agreement, about 100 experts from the QinetiQ-led 'Team Advance' would join the MoD's delivery team, contributing expertise in programme management, cost engineering, network security, and safety engineering.

The contract was part of the wider Land Environment Tactical Communications and Information Systems (LETacCIS) programme, aimed at improving the British Army's operational effectiveness.

It would build on QinetiQ's previous work under the BATCIS Private Sector Support (BPSS) contract, where it collaborated with partners BMT, Roke and Eviden - formerly Atos - to deliver programme management, engineering, and training services.

"In this digital era, reliable and robust communications are the bedrock of an operationally effective fighting force," said James Willis, QinetiQ's chief executive of UK intelligence.

"As a trusted partner to the UK military we are delighted to continue to support development and delivery of this vitally important programme that enables our armed forces to defend our nation, safely and securely."

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

QinetiQ Group Market Data

Currency UK Pounds
Share Price 466.20p
Change Today -3.40p
% Change -0.72 %
52 Week High 530.00p
52 Week Low 361.00p
Volume 2,234,667
Shares Issued 546.53m
Market Cap £2,547.93m

QinetiQ Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.34% below the market average63.34% below the market average63.34% below the market average63.34% below the market average63.34% below the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Price Trend
66.90% above the market average66.90% above the market average66.90% above the market average66.90% above the market average66.90% above the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income
75.44% below the market average75.44% below the market average75.44% below the market average75.44% below the market average75.44% below the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Growth
18.35% below the market average18.35% below the market average18.35% below the market average18.35% below the market average18.35% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 3
Sell 2
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

QinetiQ Group Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Jul-25 08-Jan-25
Paid 21-Aug-25 07-Feb-25
Amount 6.05p 2.80p

Trades for 23-May-2025

Time Volume / Share Price
15:18 80 @ 465.60p
14:55 1 @ 466.40p
14:44 51 @ 467.20p
14:43 2 @ 466.00p
14:41 6 @ 466.00p

QinetiQ Group Key Personnel

CEO Steve Wadey
Chair Neil A Johnson
CFO Martin Cooper

Top of Page