QinetiQ and Paramount Group to collaborate on defence and security opportunities
The agreement, signed during the biennial Farnborough Air Show, will allow QinetiQ and Paramount Group to consider each other as preferred suppliers for specific projects. The two companies have already identified opportunities across land, sea and air platforms for the joint development of new technologies as well as the enhancement and modernisation of existing capabilities.
Both Paramount Group and QinetiQ are leading providers of international defence and security technologies and services. The agreement is expected to facilitate collaboration on a number of areas including rotary and fixed wing upgrades, mission systems enhancements, aero structures, unmanned systems (QinetiQ’s is Europe’s largest commercial operator of this technology) and leveraging synergies in the maritime and naval environment.
“By working together, QinetiQ and Paramount Group will be able to provide our existing and prospective customers the very best defence and security solutions,” said Steve Wadey, CEO of QinetiQ. “We look forward to working with the Paramount team and enhancing both our capabilities as leaders in technology and innovation.”
"Forging partnerships with fellow industry leaders and international governments is a hallmark of Paramount Group. We’re excited to continue collaborating with QinetiQ and bolster our advanced technology and service capabilities for our clients through technology insertion into our land, sea and air platforms,” said Ivor Ichikowitz, Paramount Group Founder and Executive Chairman.
About Paramount Group
Paramount Group is Africa’s largest privately owned defense and aerospace business. It is a leader in defence and security innovation and is a trusted partner to sovereign governments around the world, providing ground-breaking products, services and consultancy, including support for peacekeeping missions. Please visit www.paramountgroup.com for more information and follow us on Twitter.
Listed on the London Stock Exchange (LSE: QQ.L), QinetiQ is a leading science and engineering company operating primarily in the defence, security and aerospace markets. Our customers are predominantly government organisations including defence departments, as well as international customers in other targeted sectors.
Visit the website www.QinetiQ.com
Follow QinetiQ on LinkedIn and Twitter
For further information, please contact
QinetiQ Press Office on Tel: +44 (0) 1252 39 3500
QinetiQ US Hires Stephen Iwicki as Executive Vice President and General Manager of C5ISR Business
03 May 2022
QinetiQ Group plc Fourth Quarter Trading Update
20 Apr 2022
Paul Angelatos appointed as General Manager – Advisory Services
19 Apr 2022
QinetiQ wins Vampire Phase 1 contract to provide UAS experimentation expertise for the Royal Navy
11 Apr 2022
QinetiQ Awarded Department of Defense (DoD) Joint Artificial Intelligence Center (JAIC) Data Readiness Artificial Intelligence Development (DRAID) Basic Ordering Agreement
31 Mar 2022