QinetiQ Group (QQ.)

Sector:

Defense and Aeronautics

Index:

FTSE 250

427.60p
   
  • Change Today:
      7.40p
  • 52 Week High: 483.20p
  • 52 Week Low: 292.80p
  • Currency: UK Pounds
  • Shares Issued: 563.01m
  • Volume: 881,325
  • Market Cap: £2,407.42m
  • Beta: 0.83

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.

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QinetiQ Group Market Data

Currency UK Pounds
Share Price 427.60p
Change Today 7.40p
% Change 1.76 %
52 Week High 483.20p
52 Week Low 292.80p
Volume 881,325
Shares Issued 563.01m
Market Cap £2,407.42m
Beta 0.83

QinetiQ Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.22% below the market average70.22% below the market average70.22% below the market average70.22% below the market average70.22% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
79.16% above the market average79.16% above the market average79.16% above the market average79.16% above the market average79.16% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average
Income
26.12% below the market average26.12% below the market average26.12% below the market average26.12% below the market average26.12% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Growth
30.40% above the market average30.40% above the market average30.40% above the market average30.40% above the market average30.40% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
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QinetiQ Group Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Jan-25 25-Jul-24
Paid 07-Feb-25 22-Aug-24
Amount 2.80p 5.65p

Trades for 21-Nov-2024

Time Volume / Share Price
15:46 1 @ 426.60p
15:46 1 @ 426.60p
15:46 1 @ 426.60p
15:34 6 @ 425.20p
15:34 7 @ 425.20p

QinetiQ Group Key Personnel

CEO Steve Wadey
Chair Neil A Johnson

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