QinetiQ wins GBP127mln for UK Ministry of Defence

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QinetiQ PLC (LON:QQ.) announced that it has won a GBP127mln contract from the UK Ministry of Defence to provide engineering services for the Typhoon combat aircraft.


The FTSE 250 group said the contract has been won through the Engineering Delivery Partner (EDP) framework announced in November, with QinetiQ‘s total orders achieved through EDP since inception now exceeding GBP500mln.


READ: Qinetiq gets a ‘buy’ rating from UBS on international progress


The defence technology group said the order is a five-year contract providing a range of services for Typhoon, from planning and acceptance through to regulatory assurance, trials support and optimisation of in-service capability.


QinetiQ will also provide expertise to the Typhoon radar development programme and data analytics for operational missions.


The order “signals a strong start to the second half of the financial year for QinetiQ”, the company said in a statement.


The company noted that EDP is the established default route-to-market for engineering services for DE&S and provides both capacity and capability across all service areas, increasing the engagement with SME’s within the defence sector supply chain.

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