Qinetiq shares soar after £1.5bn extension to Ministry of Defence deal Business 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 [...]
Defence boom will continue long after Ukraine war, says Panmure Business An end to hostilties in Ukraine would only be a short-term setback for the share price of European defence manufacturers, according to analysts. The International Institute for Strategic Studies (ISS) said last week that in the case of a mid-2025 ceasefire in Ukraine, Russia could rearm and attack a Baltic state as soon as 2027. [...]
BAE Systems, Qinetiq, Babcock among sliding defence stocks as Trump tariffs bite Business President Trump’s sweeping package of global tariffs has sparked a sharp decline in defence sector stocks, as markets react to the shockwaves from his decision to impose a 10 per cent levy on British exports – among other measures. The move has raised concerns on increased costs and the potential for a scarcity mindset that [...]
Drones, AI, space: where to invest amid defence tech boom April 1, 2025 The world is rearming at a dizzying pace. Global defence spending has surged at an annual rate of 4.2 per cent since 2020 – that’s four times faster than pre-pandemic levels, according to the Stockholm International Peace Research Institute. By 2030, that figure is expected to hit $3.4tr, reflecting rising geopolitical tensions and the race [...]
Qinetiq share price slump shows defence firms aren’t immune from turbulence March 17, 2025 Defence stocks are some of the hottest in Europe right now as government’s ramp-up military spending in response to developments in Ukraine. Donald Trump’s push for European nations to take more responsibility for security has driven up shares in the likes of BAE Systems, Thales and Leonardo. In the UK, Prime Minister Sir Keir Starmer [...]
Qinetiq: Shares in FTSE 250 defence firm tank March 17, 2025 Shares in Qinetiq tanked more than 20 per cent in early deals on Monday after it slashed guidance and announced plans to re-structure its US arm amid ongoing contract delays. The London-listed defence contractor said it expected a “goodwill impairment charge” of around £140m to the US business due to the market backdrop and operational [...]
BAE Systems forecasts more than £30bn in sales in 2025 February 19, 2025 BAE Systems has forecast more than £30bn in sales in 2025 as governments across the globe face pressure to hike military spending. The London-listed defence giant said it expects sales to increase by seven to nine per cent on an annual total of £28.3bn in 2024. Underlying pre-tax earnings are also expected to rise eight [...]
Qinetiq orders grow as defence boom continues October 15, 2024 Qinetiq inked a £150m deal with the British Army to deliver "tactical military communications," in the most recent quarter.
Qinetiq inks deal with Ministry of Defence for military communications October 11, 2024 Security and defence contractors Qinetiq have won a three-year contract with the Ministry of Defence worth around £150m to deliver military communications. The initial contract, with UK’s Ministry of Defence’s (MoD) Defence Digital organisation, is worth £39m, but includes options for extensions for up to two further years. The Farnborough-based firm, which in May hiked its [...]
Qinetiq: ‘Good’ start to year helps defence firm to play catch-up on rivals July 18, 2024 A landmark deal with NATO and the ongoing success of long-term agreements in the UK and Australia have helped defence firm Qinetiq to welcome a "good" start to the year.