(Alliance News) - Qinetiq Group PLC on Tuesday said that it expects to deliver in line with expectations for financial 2024, following a strong third quarter. Read More
Filtronic PLC - Sedgefield, England-based designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure, space, and critical communications markets - Inks new contract with Qinetiq Group PLC, a global defence and security company. Says that phase one of the contract is valued at GBP2.0 million, with revenue expected to be recognised over the next two years. It is for the development of a radio-frequency subsystem to be installed into a range radar solution, which can then be deployed either as a vehicle mounted land system or a helicopter mounted mobile solution. Read More
(Alliance News) - Blue-chips in London posted modest losses at the close on Monday as a late rally saw most of the early deficit recouped. Read More
(Alliance News) - Stock prices in London opened a touch lower on Monday, in a slow start to a week stacked with interest rate decisions. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday: Read More
(Alliance News) - Defence technology company Qinetiq Group PLC on Monday said it has won a USD170 million deal with the US Department of Homeland Security for a radar system. Read More
(Alliance News) - The following London-listed shares received analyst recommendations on Friday and Thursday. Read More
(Alliance News) - Qinetiq Group PLC on Thursday backed annual guidance, though it said its first-half cash conversion rate was weaker than expected. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
(Alliance News) - Qinetiq Group PLC on Wednesday said it stands to benefit from rising defence budgets in its key markets, as it affirmed its aim of reaching the GBP3 billion revenue threshold in 2027. Read More
Qinetiq Group PLC - Farnborough, Hampshire-based defence technology company - On track to deliver full-year expectations following a "strong second quarter" for the year ending March 31. Secures first half order intake of around GBP950 million, up 16% from GBP800 million a year ago. This increases revenue under contract for the full year to 90%. Looking ahead, Qinetiq is on track to deliver "another good year of good organic revenue growth," in line with its full-year forecasts and long-term guidance. Operating profit margin is expected to be at the lower end of the 11% to 12% range, while capital expenditure is expected to remain between GBP90 million and GBP120 million. Read More
(Alliance News) - Qinetiq Group PLC on Wednesday said it has won a USD127 million contract with the US Office of the Secretary of Defense's Strategic Capabilities Office. Read More
(Alliance News) - QinetiQ Group PLC on Tuesday said it has won a five year, USD84 million contract in the US. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Qinetiq Group PLC - Farnborough, Hampshire-based defence technology company - Receives contract to provide mission support to the US Space Development Agency. The firm-fixed-price contract is worth USD224 million and lasts for five years. "This contract is the largest competitive win for the Avantus business since QinetiQ's acquisition in November last year and underpins our target of greater than 10% annual revenue growth from Avantus," the company says. Chief Executive Officer Steve Wadey says: "Securing this new contract is an important milestone in the delivery of the ambitious growth plan for our US business, including the excellent capabilities we acquired with Avantus last year. It demonstrates our strategy is working, providing confidence that we will deliver good returns, both organically and through acquisitions. We remain confident in our plan to deliver high single digit organic revenue growth at stable profit margins." Read More