BAE Systems forecasts more than £30bn in sales in 2025 Business 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 Business 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 Business 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.
Qinetiq share price soars as global defence spending rises May 23, 2024 Defence contractor Qinetiq has hiked its dividend as a surge in national defence spending lifted full-year profit to £215.2m.