Orders at defence contractor QinetiQ stand at £900 million
Malvern-based security and defence contractor QinetiQ said it is confident of meeting expectations for the financial year 2022 after a strong operational performance in the third quarter to end-December 2021.
The group said orders now stand at £900 million, with more than 95 per cent of its full-year revenue covered under contract.
As part of its growth strategy to achieve revenues of more than £2 billion over the next five years, the company announced it would be appointing Shawn Purvis as President and CEO of its US division on February 16. She has more than 25 years of experience in the US defence and intelligence industry with Northrop Grumman and SAIC.
The company also gave an update on its advanced bomb suit for the US Army. The Next Generation Advanced Bomb Suit has successfully completed field testing to enable full rate production to commence in FY23 worth an estimated $70m over a five-year period.
In the UK the firm has won new orders to expand the Long Term Partnering Agreement with the adoption of advanced digital techniques for Test and Evaluation, and progressing directed energy and hypersonics R&D, bringing laser and radio-frequency directed energy technologies to market.
