:

U.S. Business Drives Strong FY ’09 At QinetiQ

DDN

Friday, May 29th, 2009

SHARE:

Britain's QinetiQ recently posted double-digit sales and operating profits for its 2009 fiscal year driven by strong growth in performance at its United States-based division, which accounts for nearly half of the company's overall business. Sales grew 18 percent to $2.6 billion from $2.2 billion, with 7 percent of the gain organic. Underlying operating profit rose 22 percent to $245.5 million from $201.1 million. QinetiQ North America (QNA) now makes up 47 percent of QinetiQ's business, up from 39 percent…

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]

Congress

HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]