QinetiQ Gets Five Year $170 Million Contract With US Government
20 Novembro 2023 - 5:01AM
Dow Jones News
By Najat Kantouar
QinetiQ Group said Monday that it has won a five-year contract
worth $170 million with the U.S. Homeland Security Department for
its tethered aerostat radar system.
This win takes the total new contract awards this year for
Avantus--which it bought last year--to $827 million, equivalent to
more than two and a half years of revenue cover, the
defense-technology company said. This will ensure strong revenue
growth in the second half and beyond, it said.
"This win further reinforces our growth plan for Avantus and our
wider business in the U.S." Chief Executive Officer Steve Wadey
said.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
November 20, 2023 02:46 ET (07:46 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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