Qinetiq buys Australian defence services company Air Affairs
3rd Oct 2022 07:23
(Sharecast News) - QinetiQ said on Monday that it has agreed to buy Australian defence services company Air Affairs for AUD53m (£31m) in cash and to sell its Belgium-based commercial space business, QinetiQ Space, to Redwire Space Europe for €32m (£28m) in cash.
Read moreSector movers: Homebuilders, Aerospace and Defence pace bounce
21st Sep 2022 19:07
(Sharecast News) - Household Goods and Home Construction led a bounce in the UK stock market, even as investors waited on an interest rate decision from the US Federal Reserve after Wednesday's close and another from the Bank of England the next day, together with news of a partial mobilisation of Russia's armed forces.
Read moreInstitutional shareholder sells £90m worth of Qinetiq shares in placing
12th Aug 2022 07:59
(Sharecast News) - An undisclosed institutional shareholder has sold around £90m worth of Qinetiq shares in a placing.
Read moreQinetiq locks in $45.0m contract with Development Command
9th Aug 2022 08:01
(Sharecast News) - Science and engineering company Qinetiq has secured a $45.0m, five-year contract to provide services for the Development Command at its Fort Belvoir prototyping integration facility.
Read moreQinetiq makes 'good start' to year
21st Jul 2022 09:52
(Sharecast News) - Engineering company Qinetiq said on Thursday that it has made "a good start" to the trading year, with a "strong" group operational performance.
Read moreQinetiq FY underlying profits fall despite modest revenue growth
19th May 2022 09:17
(Sharecast News) - Defence firm Qinetiq said on Thursday that full-year underlying operating profits had fallen in the year ended 31 March despite seeing a modest uptick in annual revenues.
Read moreQinetiq lifts guidance on strong order intake
20th Apr 2022 07:58
(Sharecast News) - UK defence engineer Qinetiq lifted annual earnings guidance, as strong order intake boosted revenues.
Read moreSector movers: Inflation worries drag on stocks, Defence issues wanted
11th Apr 2022 16:49
(Sharecast News) - Cyclical issues fared worst at the start of the week amid ongoing heightened concerns around the war in Ukraine and its potential duration.
Read moreTP Group sells Northstar software to QinetiQ
1st Apr 2022 16:10
(Sharecast News) - TP Group announced on Friday that it has agreed to sell its Northstar autonomous navigation software to QinetiQ for cash consideration of £0.6m.
Read moreJPMorgan upgrades Qinetiq as it looks at European defence sector
28th Feb 2022 10:28
(Sharecast News) - JPMorgan Cazenove upgraded Qinetiq on Monday as it said Russia's invasion of Ukraine has "fundamentally changed" the landscape for the European defence sector.
Read moreQinetiq to meet FY expectations after 'strong' progress in Q3
18th Jan 2022 07:33
(Sharecast News) - Qinetiq said on Tuesday that it was on course to deliver on its full-year expectations after "strong" progress in the third quarter.
Read moreQinetiq names Shawn Purvis as president and CEO of US operations
17th Jan 2022 07:48
(Sharecast News) - Defence technology company Qinetiq named Shawn Purvis as president and chief executive of Qinetiq US on Monday, effective 16 February.
Read moreCiti upgrades Qinetiq to 'buy', shares rally
17th Dec 2021 08:34
(Sharecast News) - Qinetiq rallied on Friday after Citi lifted its stance on the shares to 'buy' from 'neutral'.
Read moreJPMorgan downgrades BAE Systems, Qinetiq
14th Dec 2021 10:13
(Sharecast News) - JPMorgan Cazenove downgraded Qinetiq and BAE Systems on Tuesday as it took a look at the European aerospace and defence sector.
Read moreBerenberg lowers target price on Qinetiq
3rd Dec 2021 10:31
(Sharecast News) - Analysts at Berenberg lowered their target price on defence technology company QinetiQ from 415.0p to 330.0p on Friday, but reiterated their 'buy' rating on the firm's shares despite branding it the "worst-performing defence stock" in its coverage so far this year.
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