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Business/Financial

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

DDN

Friday, May 22nd, 2009

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Britain's QinetiQ yesterday 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…

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