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Qinetiq Group PLC (QQ.L)

QQ.L on London Stock Exchange

377.40GBp
19 Feb 2020
Change (% chg)

0.40 (+0.11%)
Prev Close
377.00
Open
386.00
Day's High
386.00
Day's Low
375.80
Volume
511,478
Avg. Vol
807,219
52-wk High
388.80
52-wk Low
265.22

Latest Key Developments (Source: Significant Developments)

Qinetiq Group Maintains Expectations For FY Operating Profit With High Single Digit Revenue Growth
Tuesday, 4 Feb 2020 

Feb 4 (Reuters) - Qinetiq Group PLC ::THIRD QUARTER TRADING UPDATE.AND ANNOUNCES ACQUISITION OF NEWMAN & SPURR CONSULTANCY LIMITED.MAINTAIN OUR EXPECTATIONS FOR FULL YEAR OPERATING PROFIT WITH HIGH SINGLE DIGIT REVENUE GROWTH.ACQUIRED NEWMAN & SPURR CONSULTANCY LIMITED (NSC) ON A CASH-FREE, DEBT-FREE BASIS FOR £14M.  Full Article

QinetiQ Group Plc Says Unit Secures New ESA Contract As New Facility Goes Live
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - Qinetiq Group PLC ::QINETIQ GROUP PLC - QINETIQ'S SPACE BUSINESS SECURES NEW ESA CONTRACT AS NEW FACILITY GOES LIVE.QINETIQ GROUP PLC - QINETIQ'S SPACE BUSINESS SECURED EUR 9M CONTRACT WITH ESA.  Full Article

QinetiQ Group Says HY Statutory Revenue Of £486.5 Mln Vs. £420.3 Mln
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - Qinetiq Group PLC ::QINETIQ GROUP PLC - HY STATUTORY REVENUE OF £486.5M VERSUS. £420.3M.QINETIQ GROUP PLC - HY STATUTORY OPERATING PROFIT £68.5M VERSUS. £47.8M.QINETIQ GROUP PLC - HY STATUTORY PROFIT AFTER TAX £62.2M VERSUS. £50.1M.QINETIQ GROUP PLC SAYS INTERIM DIVIDEND PER SHARE OF 2.2P.QINETIQ GROUP PLC SAYS IN HY, 38% INCREASE IN ORDERS, 30% ON AN ORGANIC BASIS, DRIVEN BY GROWTH ACROSS GROUP.QINETIQ GROUP PLC - HY UNDERLYING OPERATING PROFIT UP 16% INCLUDING £1.6M NON-RECURRING TRADING ITEMS.QINETIQ GROUP PLC SAYS MAINTAINING EXPECTATIONS FOR GROUP OPERATING PROFIT IN FY20.  Full Article

Qinetiq To Acquire Manufacturing Techniques For $105 Mln
Wednesday, 2 Oct 2019 

Oct 2 (Reuters) - Qinetiq Group PLC ::QINETIQ GROUP PLC - QINETIQ ACQUISITION OF MTEQ.QINETIQ GROUP PLC - PROPOSED DEAL FOR $105 MILLION TO BE PAID IN CASH.QINETIQ GROUP PLC - ENTERED INTO AN AGREEMENT TO ACQUIRE MANUFACTURING TECHNIQUES INC ON A CASH-FREE, DEBT-FREE BASIS.QINETIQ GROUP PLC - PROPOSED DEAL WILL ENHANCE QINETIQ'S EARNINGS PER SHARE IN FIRST FULL FINANCIAL YEAR.QINETIQ GROUP - DEAL FUNDED FROM QINETIQ'S AVAILABLE CASH RESOURCES WITH BALANCE SHEET EXPECTED TO REMAIN IN A NET CASH POSITION POST COMPLETION.QINETIQ - DEAL INCLUDES EARN-OUT OF UP TO $20 MILLION PAYABLE IN CASH AND SHARES DEPENDENT ON DELIVERING STRETCHING FINANCIAL TARGETS OVER THREE YEARS.  Full Article

Qinetiq Secures £67 Mln Contract To Develop Secure Satellite Navigation Receivers
Tuesday, 10 Sep 2019 

Sept 10 (Reuters) - Qinetiq Group PLC ::QINETIQ SECURES £67M CONTRACT TO DEVELOP SECURE SATELLITE NAVIGATION RECEIVERS.QINETIQ GROUP - DELIVERY DATE FOR FIRST R-GNS PRODUCTS IS FEBRUARY 2022.  Full Article

Qinetiq Maintains Expectations For Group Performance In FY 2020
Thursday, 23 May 2019 

May 23 (Reuters) - Qinetiq Group PLC ::QINETIQ PRELIMINARY RESULTS.FY 2019 REVENUE UP 9%, 8% ON AN ORGANIC BASIS.FY UNDERLYING OPERATING PROFIT UP 1% INCLUDING ABOUT £7 MILLION NON-RECURRING TRADING ITEMS.FY UNDERLYING EPS UP 2%; 5% INCREASE IN FULL YEAR DIVIDEND.MAINTAINING EXPECTATIONS FOR GROUP PERFORMANCE IN FY 2020.  Full Article

Qinetiq Group Announces Update On LTPA Amendment
Thursday, 28 Mar 2019 

March 28 (Reuters) - Qinetiq Group PLC ::CO, MOD MADE GOOD PROGRESS DURING TALKS ON LTPA CONTRACT AMENDMENT AND ALL CONTRACT TERMS AGREED.PROPOSED CONTRACT AMENDMENT NOW IN FINAL STAGES OF NEGOTIATION WITH MOD.CO, MOD AIMING TO SIGN CONTRACT AMENDMENT SHORTLY, ONCE FINAL NEGOTIATIONS COMPLETED.LTPA RELATED WORK CONTINUES AS NORMAL UNDER EXISTING TERMS OF CONTRACT.  Full Article

Qinetiq Group Chairman Mark Elliott To Retire In July
Thursday, 21 Mar 2019 

March 21 (Reuters) - Qinetiq Group PLC ::MARK ELLIOTT TO RETIRE AS CHAIRMAN IN JULY 2019.NEIL JOHNSON APPOINTED TO SUCCEED ELLIOTT.  Full Article

Qinetiq FY profit up, maintains expectations for 2019
Thursday, 24 May 2018 

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 

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