30th Sep 2015 07:00
LONDON (Alliance News) - Defence services company QinetiQ Group PLC affirmed its full-year financial targets on Wednesday.
The group said the Strategic Defence and Security Review and a public consultation on calculating the baseline profit rate for single-source contracts are both underway in the UK.
QinetiQ's EMEA Services division has continued to see some contract award deferrals due to uncertainty in the UK market, but revenue under contract for the financial year is in line.
The company's Global Products arm also is trading in line.
QinetiQ said it will publish its results for the half to the end of September on November 19.
By Sam Unsted; [email protected]; @SamUAtAlliance
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