QinetiQ Group plc
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in mil. unless spec.Company Description
- CEO
- Stephen John Wadey
- Full Time Employees
- 7,378
- Sector
- Electronic technology
- Industry
- Aerospace & defense
- Address
- Cody Technology Park Farnborough HM United Kingdom GU14 0LX
- IPO Date
- Feb 10, 2006
- Website
- qinetiq.com
- Similar Companies
- Business
- QinetiQ Group plc is a science and engineering company specializing in defence, security and critical national infrastructure markets, providing advice, test and evaluation services, and innovative technology-based products to global customers including defence departments, industry and academia. Founded in 2001 as a privatized entity from the UK's Defence Evaluation and Research Agency and headquartered at Cody Technology Park in Farnborough, United Kingdom, the company operates primarily from sites in the UK and the US, with additional presence in locations such as McLean, Virginia; Lorton, Virginia; Franklin, Massachusetts; and Pittsburgh, Pennsylvania. It offers core products and services across key segments including air engineering services, air traffic management, safety and environmental management; C4ISR encompassing communication, reconnaissance, intelligence, surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science; cyber solutions such as accreditation support, security health checks, data classification and insider threat management; maritime offerings including Maritime Autonomy Centre, Naval Mission Systems and Maritime Stealth; advanced materials and manufacturing; artificial intelligence, analytics and advanced computing technologies; cybersecurity; unmanned systems; engineering services; testing and evaluation; and intelligent data analytics, supported by unique facilities like wind tunnels, radar systems and purpose-built experimentation centres. In recent developments, QinetiQ completed the sale and leaseback of its 407-acre Cody Technology Park site in Farnborough for £112 million to a fund managed by Tristan Capital Partners in September 2024, enabling a sharper focus on core business activities while retaining its headquarters and principal tenancy under a 15-year lease, with net debt improving by approximately £65 million. The company acquired software development and data analytics firm Naimuri for £25 million to bolster its capabilities; secured $26 million in US naval defence contracts with General Dynamics Electric Boat for next-generation submarine systems and a £25 million contract for Royal Navy training in 2025; achieved CMMC Level 2 cybersecurity certification for its US operations; launched a second £50 million share buyback tranche; and reported FY26 interim results on 13 November 2025 highlighting actions to drive short-term performance and long-term growth, alongside ongoing expansions into markets like Asia-Pacific and R&D investments of £60 million in areas including artificial intelligence and cybersecurity.
Company News
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QinetiQ Group plc (QNTQY) Q2 2026 Earnings Call Transcript
QinetiQ shares rise 2.6% as interim results land in line with expectations
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