Sign In
Search
Business/Financial

QinetiQ To Acquire Defense Company MTEQ, Doubling Size Of U.S. Operations

Cal Biesecker By
SHARE:
QinetiQ To Acquire Defense Company MTEQ, Doubling Size Of U.S. Operations
QinetiQ's U.S. business' unmanned systems include the TALON tactical robot. Photo: QinetiQ

Britain’s QinetiQ on Wednesday said it has agreed to acquire the U.S. defense company Manufacturing Techniques, Inc. (MTEQ) for $105 million in cash, a deal that would double the size of the United Kingdom-based company’s operations in the U.S. Terms of the deal also include an earn-out provision of up to $20 million in cash and shares contingent on MTEQ meeting certain financial targets over three years. The acquisition is expected to close during the second half of QinetiQ’s fiscal…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

L3Harris Names New CFO, Freeing Bedingfield To Run Missile Solution Business

Business/Financial

Venture Firm Focused On Dual Use Maritime Companies Gets $150 Million DoD Loan Backing

Business/Financial

Lux Aeterna, Startup Developing Reusable Spacecraft, Raises $10 Million In Seed Round

Business/Financial

Space Force Terminating AV’s SCAR Contract; Previous Stop Work Order Leads To Third Quarter Loss

Trending

X-Bow To Acquire Evolution Space, Enhancing Hypersonics And Energetics Capabilities
Army Wants Long-Range PrSM Inc. 4 On Accelerated Timeline, Plans Fly Off In Late FY ‘28
BAE Systems Completes Preliminary Design Review For Epoch 2 Constellation
Drone Dominance Program Selects 11 Finalists For Potential Orders After First Gauntlet
Trump Says Defense CEOs Agree To Rapidly Quadruple Production Of ‘Exquisite Class’ Weapons

Congress Updates

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume