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Qinetiq Group PLC (QQ.L)

QQ.L on London Stock Exchange

256.60GBp
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Latest Key Developments (Source: Significant Developments)

Qinetiq FY profit up, maintains expectations for 2019
Thursday, 24 May 2018 02:01am EDT 

May 24 (Reuters) - Qinetiq Group PLC ::FINAL DIVIDEND 4.2 PENCEPER SHARE.UNDERLYING OPERATING PROFIT UP 5%, ASSISTED BY £8.7M NON-RECURRING TRADING ITEMS (2017: £7.4M), BROADLY FLAT ON AN ORGANIC BASIS.UNDERLYING EPS UP 7%; 5% INCREASE IN FULL YEAR DIVIDEND.PRIORITIES FOR FY19 - CONCLUDE REPRICING OF LONG TERM PARTNERING AGREEMENT (LTPA) WITH UK MOD.WITH MORE THAN TWO THIRDS OF OUR FY19 REVENUE UNDER CONTRACT, WE ENTER YEAR IN A POSITION OF STRENGTH AND ARE MAINTAINING EXPECTATIONS FOR GROUP PERFORMANCE"..  Full Article

Qinetiq maintains 2018 forecasts
Thursday, 29 Mar 2018 02:04am EDT 

March 29 (Reuters) - Qinetiq Group Plc ::‍GROUP MAINTAINS ITS EXPECTATIONS FOR OVERALL PERFORMANCE FOR FY18​.‍UNDERLYING TRADING IN BOTH EMEA SERVICES AND GLOBAL PRODUCTS DIVISIONS WAS AS EXPECTED DURING FINAL QUARTER OF YEAR​.‍IS CONFIDENT OF SUCCESSFULLY CONCLUDING MOD REPRICING DISCUSSIONS WITHIN THIS TWELVE MONTH TIMEFRAME​.‍NOW SOLE BIDDER NEGOTIATING WITH UK MOD REGARDING ENGINEERING DELIVERY PARTNER PROGRAMME WHICH WE WILL DELIVER IN PARTNERSHIP WITH ATKINS AND BMT​.  Full Article

Qinetiq Group Maintains Expectations For Overall Performance For FY 2018​
Thursday, 8 Feb 2018 02:00am EST 

Feb 8 (Reuters) - Qinetiq Group Plc ::‍UNDERLYING TRADING FOR GROUP WAS AS EXPECTED DURING Q3 AND GROUP MAINTAINS ITS EXPECTATIONS FOR OVERALL PERFORMANCE FOR FY18​.‍UNDERLYING TRADING FOR GROUP WAS AS EXPECTED DURING Q3​.‍GROUP MAINTAINS ITS EXPECTATIONS FOR OVERALL PERFORMANCE FOR FY18​.‍IN EMEA SERVICES TRADING FOR Q3 WAS IN LINE WITH EXPECTATIONS​.‍TRADING IN GLOBAL PRODUCTS FOR Q3 WAS IN LINE WITH EXPECTATIONS WITH GOOD ORDER PERFORMANCE IN NORTH AMERICA​.  Full Article

Qinetiq says 89 pct of FY 18 revenues under contract​
Thursday, 16 Nov 2017 02:00am EST 

Nov 16 (Reuters) - Qinetiq Group Plc :H1 underlying operating profit rose 11 percent to 57.5 million stg.H1 revenue 392.5 million stg versus 361.8 million stg year ago.Interim dividend 2.1 pence per share.‍89% of FY 18 revenues under contract​.‍Overall we are maintaining expectations for group performance in FY 18​.‍Order intake broadly in line with prior period which included £109m 11-year, NCSISS contract​.  Full Article

Qinetiq Group says ‍trading since HY in line with expectations
Friday, 29 Sep 2017 02:00am EDT 

Sept 29 (Reuters) - Qinetiq Group Plc ::‍TRADING HAS BEEN IN LINE WITH EXPECTATIONS SINCE HY AND OUTLOOK FOR OVERALL GROUP PERFORMANCE THIS FINANCIAL YEAR IS UNCHANGED​.QINETIQ GROUP PLC - ‍TRADING HAS BEEN IN LINE WITH EXPECTATIONS AND OUTLOOK FOR OVERALL GROUP PERFORMANCE THIS FINANCIAL YEAR IS UNCHANGED​.  Full Article

Qinetiq updates on ‍royal Canadian Navy's C$4.7 mln order
Monday, 11 Sep 2017 12:56pm EDT 

Sept 11 (Reuters) - QINETIQ GROUP PLC ::‍ROYAL CANADIAN NAVY PLACED C$4.7 MLN ORDER WITH QINETIQ TARGET SYSTEMS FOR OVER 40 HAMMERHEAD UNMANNED SURFACE VEHICLE TARGETS, VARIOUS PAYLOADS.ORDER WAS PLACED UNDER AN EXISTING FIVE-YEAR, C$35 MLN FRAMEWORK CONTRACT WITH CANADIAN DEPARTMENT OF NATIONAL DEFENCE, AWARDED IN MAY 2016​.  Full Article

Qinetiq ‍reconfirms outlook for FY18
Wednesday, 19 Jul 2017 02:00am EDT 

July 19 (Reuters) - Qinetiq Group Plc ::Reconfirms its outlook for FY18 from its preliminary results​.‍In EMEA services division orders have been slower than expected with some customer contract award decisions deferred or delayed​.Trading environment remains dynamic, particularly in UK following recent general election, and presents both opportunities and challenges​.Expect steady progress in FY18, excluding non-recurring benefits in FY17, supported by revenue growth.Says ‍continue to expect EMEA services division to deliver modest revenue growth in FY18​.Lower baseline profit rate for single source contracts continues to represent headwind for operating margins in EMEA services division​.Says ‍expect global products division to grow in FY18.  Full Article

QinetiQ North America signs reseller agreement with Border States
Thursday, 13 Apr 2017 10:00am EDT 

QinetiQ North America :Finalized a distributor agreement with Border States Electrica to resell QNA's linewatch low and medium voltage sensor systems.  Full Article

QinetiQ North America awarded contract to support delivery of EMALS and AAG on U.S. Navy's next aircraft carrier
Thursday, 23 Mar 2017 11:00am EDT 

QinetiQ North America: QinetiQ North America awarded contract to support delivery of EMALS and AAG on the U.S. Navy's next aircraft carrier .Confirmed a $41 million definitized contract with General Atomics in San Diego, California, awarded in September 2016.  Full Article

Qinetiq buys Meggitt Target Systems
Wednesday, 21 Dec 2016 02:00am EST 

Qinetiq Group Plc :Enhances position in global test and evaluation through acquisition of Meggitt Target Systems.  Full Article

Britain's QinetiQ buys German air training unit for 70 million euros

LONDON British defense company QinetiQ said it agreed to acquire a Germany-based air training company for 70 million euros ($85.48 million), providing it with exposure to a new and growing European market, and boosting its shares.