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QinetiQ To Write Off $58 Million As U.K. Terminates Training Project

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QinetiQ expects to write off some $58 million in costs incurred after the United Kingdom this week said it is terminating for cost and schedule reasons the Package 1 procurement for the Defense Training Rationalization (DTR) program, and its selection of Metrix--formed by QinetiQ and Sodexo--to deliver it. Secretary of State Liam Fox said, "...it is now clear Metrix cannot deliver an affordable, commercially-robust proposal within the prescribed period and it has therefore been necessary to terminate the DTR procurement…

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