QinetiQ

QinetiQ Group plc (LSE: QQ) is a British multinational defence technology company headquartered in Farnborough, Hampshire. The company provides technology solutions and services in the defence, security and critical infrastructure markets.

QinetiQ was formed in July 2001 when the UK Ministry of Defence split its Defence Evaluation and Research Agency (DERA). The company was initially established as a public-private partnership before being floated on the London Stock Exchange in February 2006. For the fiscal year ended March 2024, QinetiQ reported revenue of GBP 1.91 billion.

QinetiQ's key products and services include:

• Research & development in areas like artificial intelligence, robotics, and directed energy weapons

• Test and evaluation services for military systems and equipment

• Training and simulation solutions for defence and security customers

• Cyber security and intelligence capabilities

• Unmanned systems and robotics for land, air and sea applications

• Target systems and threat representation for military training

QinetiQ has been expanding its presence in key markets like the US and Australia. In 2022, the company acquired US-based Avantus Federal to strengthen its position in the US defence and intelligence markets. QinetiQ also purchased Australian defence services firm Air Affairs in the same year to grow its footprint in Australia.

The company continues to focus on organic growth and execution of its strategy to deliver GBP 2.4 billion in revenue at approximately 12% operating margin by fiscal year 2027. QinetiQ is well-positioned to benefit from increased defence spending in its core markets of the UK, US and Australia, particularly in areas like research & development, test & evaluation, training, and cyber capabilities.