The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

QinetiQ wins $84m 5-year contract with US Army

Tue, 03rd Oct 2023 07:46

(Sharecast News) - Defence technology firm QinetiQ said on Tuesday that it has been awarded a five-year $84m contract in the US for the testing and production of the Next Generation Advanced Bomb Suit (NGABS).

QinetiQ will deliver over 700 NGAB suits to the US Army. The new suit will replace the current 20-year-old bomb suit, and will provide enhanced protection to its users in their daily operations to identify, render safe, and dispose of improvised explosive devices and other explosive threats.

It will increase soldier survivability and readiness to respond to evolving threats by providing users with 360 degree ballistic protection and significantly increasing situational awareness with built-in technology enhancements.

"This contract win is a great example of our advanced sensor and data processing capability delivering success and growth in our US business (formerly MTEQ), taking products from prototype into full-scale production," the company said.

Related Shares

More News
Today 17:20

London stocks fall as political uncertainty, soft economic data weigh

FTSE 100, FTSE 250 dip 0.4% each *

Today 17:18

LONDON MARKET CLOSE: FTSE 100 falls as focus stays on Westminster

(Alliance News) - Stock prices in London closed predominantly lower on Thursday, following robust US data, and as eyes remained on Westminster after P...

Today 16:46

London close: Stocks slip on UK election, US jobless claims

(Sharecast News) - London stocks ended lower on Thursday, mirroring Wall Street's decline as jobless claims in the US fell more than anticipated.

Today 12:02

LONDON MARKET MIDDAY: Stocks tread water as UK manufacturing rebounds

(Alliance News) - Stocks in London were treading water at midday Thursday, amid news that the UK manufacturing sector returned to growth in May.

Today 10:27

Well positioned QinetiQ lifts guidance as highlights strong momentum

(Alliance News) - QinetiQ Group PLC on Thursday raised its financial outlook after delivering "strong" annual results in the face of "difficult market...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.