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Completion

11th Oct 2010 09:28

RNS Number : 1644U
QinetiQ Group plc
11 October 2010
 



QinetiQ completes the sale of US Services' access control and security operations business

 

 

QinetiQ Group plc announces today that on 8 October 2010 it completed the disposal of S&IS - a non-core security operations and access control business within QinetiQ's US Services operation - to ManTech International Corporation.

 

The total consideration was $60 million, payable in cash, which will generate approximately $40 million of net proceeds after tax.

 

For more details on this transaction refer to: QinetiQ RNS Number 6096T (30 September 2010).

ENDS

 

Contacts

Investor relations Nicola Marsden, QinetiQ +447721 576117

Media relations David Bishop, QinetiQ +44 7920 108675

Liz Morley, Maitland +44 7798 683108

This information is provided by RNS
The company news service from the London Stock Exchange
 
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