Qinetiq wins £80m contract with MOD
QinetiQ Group
423.20p
17:00 14/11/24
Qinetiq said on Monday that it has won an £80m contract with the UK's Ministry of Defence (MOD).
Aerospace and Defence
11,828.61
16:38 14/11/24
FTSE 250
20,522.81
16:38 14/11/24
FTSE 350
4,459.02
16:38 14/11/24
FTSE All-Share
4,417.25
16:54 14/11/24
The contract will provide expertise, training and support to accelerate and transform mission data production.
Qinetiq said it will will work in partnership with the MOD for a 10-year period on the transformation project, providing a specialist mission data and electronic warfare skills solution alongside training and IT support.
The company said the win is "a great example of our cyber and information advantage distinctive offering and the strength of our partnering across industry".
James Willis, chief executive of UK Intelligence at Qinetiq, said: "We are delighted to be selected as the MoD's Industry Partner for mission data. The contract demonstrates how the MoD works closely with industry to build the skills of the future and introduce innovative approaches to enhance mission capability.
"Our team is harnessing the value delivered by small and medium sized companies and our academic partners. We look forward to working together in partnership with the MoD delivering the next generation of mission data."