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Pin to quick picksQinetiq Share News (QQ.)

Share Price Information for Qinetiq (QQ.)

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Share Price: 455.60
Bid: 455.60
Ask: 456.00
Change: 1.00 (0.22%)
Spread: 0.40 (0.088%)
Open: 456.00
High: 459.00
Low: 455.40
Prev. Close: 454.60
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Qinetiq wins £80m contract with MOD

Mon, 16th Jan 2023 08:12

(Sharecast News) - Qinetiq said on Monday that it has won an £80m contract with the UK's Ministry of Defence (MOD).

The contract will provide expertise, training and support to accelerate and transform mission data production.

Qinetiq said it will will work in partnership with the MOD for a 10-year period on the transformation project, providing a specialist mission data and electronic warfare skills solution alongside training and IT support.

The company said the win is "a great example of our cyber and information advantage distinctive offering and the strength of our partnering across industry".

James Willis, chief executive of UK Intelligence at Qinetiq, said: "We are delighted to be selected as the MoD's Industry Partner for mission data. The contract demonstrates how the MoD works closely with industry to build the skills of the future and introduce innovative approaches to enhance mission capability.

"Our team is harnessing the value delivered by small and medium sized companies and our academic partners. We look forward to working together in partnership with the MoD delivering the next generation of mission data."

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