Qinetiq Regulatory News (QQ.)

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SPUR robot deliveries - our US business has achieved a major production milestone with the completion of the Low-Rate Production (LRIP) contract of the Common Robotic System Individual (CRS-I) for the US Army. We are also progressing with our production ramp-up for the $64m Full-Rate Production (FRP) contract which we won last year; the largest Program of Record for US Robotics for the delivery of a further 1,200 SPUR robots.

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Bradley electric drive - in August 2020, we announced our joint win with BAE Systems in the US where we successfully bid into the Rapid Capabilities and Critical Technologies Office (RCCTO) to integrate our E-X-Drive hybrid propulsion system into their Bradley Fighting Vehicle. After a successful delivery programme, we have now completed one of the final milestones of that project where the vehicle has been successfully tested in the US in collaboration with the RCCTO.

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Engineering Delivery Partner (EDP) passes £1bn orders - our EDP programme has continued to deliver growth through Q1 with total contract orders now surpassing £1bn since inception in October 2018. Operational performance remains strong with EDP assessed by the UK MOD as delivering good value for money. This test was a key part of successfully passing the four-year review - providing further confidence in our service quality and as an enabler for essential UK defence capabilities.

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£19m artificial intelligence (AI) cyber defence win - we have won a £19m contract to support UK's DSTL project called Autonomous Resilient Cyber Defence (ARCD) - a multi-year programme to develop and demonstrate self-defending and self-recovering concepts for military platforms and networks in the face of increasingly complex cyber-attacks. Ensuring that tanks, aircraft and ships can automatically identify and defend themselves against a Cyber attack reduces the need for human intervention and provides a quicker response time, thereby reducing the risk of the platform being compromised and ultimately protecting the sailors, airmen and soldiers who use them.

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Global leverage of Test & Evaluation (T&E) capability - our Sovereign T&E Skills programme has launched and is making good progress by leveraging our UK capabilities to grow sovereign T&E capability in Australia and Canada. By accessing the unique knowledge and experience of our T&E subject-matter experts, we are offering a tailorable, holistic learning programme designed to build sovereign skills and capabilities to support customers in delivering complex T&E outcomes. The programme blends formal, social and experiential learning which is defence standards-based, quality-assured, and provides measurable progress towards a defined outcome set.

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50% flying hours increase in Germany - we are seeing continued demand for the services delivered by our German business with flying hours for our Bundeswehr customers, a key performance metric, now 50% higher than in 2019. Allied to these higher levels of service provision, we have recently secured an €18m contract to continue our core deliveries over the next 12 months.

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Net-Zero plan verification - first company in the A&D sector and one of the first 20 companies globally to have our Net-Zero plan verified by the Science Based Targets Initiative (SBTi). Our Net-Zero Plan includes 2030 and long-term Net-Zero science-based GHG emissions reductions targets, which are aligned with the 1.5°c pathway. They are based on a planned programme of activities, applying a data-driven approach to inform what we do and when. We developed these in accordance with the SBTi Net-Zero Standard and criteria and the associated GHG Protocol Corporate Standards. In June 2022 the SBTi verified our near and long-term Net-Zero science-based targets. We are also delighted to be part of the Business Ambition for 1.5°c campaign, which is part of the UN-backed Race to Zero.

John Haworth, Group Head of Investor Relations:

+44 (0) 7920 545841

Lorna Cobbett, Citigate Dewe Rogerson (Media enquiries):

+44 (0) 7771 344781