Qinetiq Shares Soar on £1.5bn Extension to Ministry of Defence Deal

LTPA extension worth £1.54 billion to modernise test & evaluation for future warfare - MÖNCH PUBLISHING GROUP

Through the LTPA, QinetiQ delivers vital Test, Trials, Training and Evaluation (T3E) capabilities that ensure armed forces personnel are equipped and prepared for mission success QinetiQ Group plc (QinetiQ) announced on May 22 a five-year, £1.54 billion extension to its Long Term Partnering Agreement (LTPA) with the UK’s Ministry of Defence (MOD) that will transform the provision of mission critical test and evaluation capabilities and services …

QinetiQ extends UK contract

QinetiQ Group announced a five-year, £1.54 billion extension to its Long-Term Partnering Agreement (LTPA) with the UK’s Ministry of Defence (MOD) that will transform the provision of mission critical test and evaluation capabilities and services that help to enhance operational readiness of the UK and allied nations. Alongside the contract amendment extending the LTPA to 2033, the company is also recognising an incremental order of £166 million …

UK government extends £1.5 billion defence agreement

The UK government have confirmed a £1.5 billion contract extension with British defence QinetiQ, which will provide test, trial, training and evaluation of defence equipment at 16 Ministry of Defence (MoD) sites, including missile firings and test pilot training.This Long-Term Partnering Agreement will sustain 1,200 UK jobs, including more than 400 in Scotland and Wales, as

Major £1.5 billion defence contract with British firm ensures world-class equipment testing for UK forces and secures 1,200 jobs

UK Armed Forces will benefit from world-class equipment training and testing under a contract which supports more than 1,200 skilled jobs across the UK.

Qinetiq shares soar on £1.5bn extension to Ministry of Defence deal

Qinetiq, the FTSE 250 defence contractor, has announced a £1.5bn extension to its partnership deal with the UK Ministry of Defence (MoD). The Farnborough-based firm said on Thursday it will extend its Long Term Partnering Agreement (LTPA) with the government by five years to 2033. Qinetiq’s LTPA contract provides UK armed forces with test and training capabilities to improve safety during operations. Its extension will support more than 1,200 hi…