Prior to entering its closed period, QinetiQ today confirms that the Group remains on course to deliver on its expectations for the financial year ending 31 March 2014.
EMEA Services continues to perform well, enhanced by the contribution of certain projects beyond its traditional markets in the UK. Although the US federal contracting environment remains uncertain, US Services is performing in line with expectations. Global Products continues to be impacted by the drawdown of US troops from Afghanistan which is causing slippages in order flow and delivery schedules for conflict-related products.
The Group’s balance sheet and cash generation remain strong.
QinetiQ will announce preliminary results for the financial year ending 31 March 2014 on 22 May 2014.
Notes to Editors:
A FTSE250 company, QinetiQ uses its domain knowledge to provide technical support and know-how to customers in the global aerospace, defence and security markets. QinetiQ's unique position enables it to be a trusted partner to government organisations, including defence departments, intelligence services and security agencies.
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||David Bishop, QinetiQ
||+44 (0) 7920 108675|
||QinetiQ press office
||+44 (0) 1252 393500|
||Liz Morley, Maitland
||+44 (0) 7798 683108|