QinetiQ wins three year UK defence contract worth up to £150m.


QinetiQ announced on Friday that it has been awarded a three-year contract by Defence Digital, part of the UK Ministry of Defence, to support the development of next-generation tactical military communications systems.

  • QinetiQ Group
  • 11 October 2024 08:21:57
QinetiQ

Source: Sharecast

The FTSE 250 company said the contract, valued at up to £150m, would provide the British Army with enhanced communication capabilities to improve decision-making on the front line.

It said the initial contract award was worth £39 million, with options for extension for up to two additional years.

As part of the agreement, about 100 experts from the QinetiQ-led ‘Team Advance’ would join the MoD’s delivery team, contributing expertise in programme management, cost engineering, network security, and safety engineering.

The contract was part of the wider Land Environment Tactical Communications and Information Systems (LETacCIS) programme, aimed at improving the British Army’s operational effectiveness.

It would build on QinetiQ’s previous work under the BATCIS Private Sector Support (BPSS) contract, where it collaborated with partners BMT, Roke and Eviden - formerly Atos - to deliver programme management, engineering, and training services.

“In this digital era, reliable and robust communications are the bedrock of an operationally effective fighting force,” said James Willis, QinetiQ’s chief executive of UK intelligence.

“As a trusted partner to the UK military we are delighted to continue to support development and delivery of this vitally important programme that enables our armed forces to defend our nation, safely and securely.”

Reporting by Josh White for Sharecast.com.


Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: 137.92 ( 0.70 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.