QinetiQ has announced a £1bn, 11-year contract amendment to the Long Term Partnering Agreement (LTPA) proving both extended visibility and the opportunity to attract increasing UK and international test and evaluation business. The agreement secures half of the core LTPA revenues at this year’s SSRO profit rates out to 2028, while providing QinetiQ with visibility to invest up to £180m in upgrading the UK air ranges and the Test Pilots’ School at Boscombe Down. This no
02 Dec 2016
LTPA provides visibility and expansion potential
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
LTPA provides visibility and expansion potential
QinetiQ Group plc (QQ:LON) | 365 8.8 0.7% | Mkt Cap: 2,098m
- Published:
02 Dec 2016 -
Author:
Roger Johnston -
Pages:
2
QinetiQ has announced a £1bn, 11-year contract amendment to the Long Term Partnering Agreement (LTPA) proving both extended visibility and the opportunity to attract increasing UK and international test and evaluation business. The agreement secures half of the core LTPA revenues at this year’s SSRO profit rates out to 2028, while providing QinetiQ with visibility to invest up to £180m in upgrading the UK air ranges and the Test Pilots’ School at Boscombe Down. This no