QinetiQ’s pre-close statement continued to show the group’s confidence in the outlook and highlighted that despite fears of UK defence slowdown, order intake was strong in Q2 and revenue under contract is as expected at this stage. With growth in Global Products also confirmed, supported by a combination of organic growth and the contribution from the Target Systems acquisition, both divisions are set to advance. We are therefore maintaining our forecasts and are encouraged by the
29 Sep 2017
- Pre-close confounds the doubters
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- Pre-close confounds the doubters
QinetiQ Group plc (QQ:LON) | 335 4.7 0.4% | Mkt Cap: 1,915m
- Published:
29 Sep 2017 -
Author:
Roger Johnston -
Pages:
2
QinetiQ’s pre-close statement continued to show the group’s confidence in the outlook and highlighted that despite fears of UK defence slowdown, order intake was strong in Q2 and revenue under contract is as expected at this stage. With growth in Global Products also confirmed, supported by a combination of organic growth and the contribution from the Target Systems acquisition, both divisions are set to advance. We are therefore maintaining our forecasts and are encouraged by the