Half Year Results 

QinetiQ diversifies revenue streams

QinetiQ diversifies revenue streams

A mixed outcome for QinetiQ (QQ.) at the half-year mark, achieved against continuing constraints on Ministry of Defence (MoD) spending, and prior to the additional £1bn commitment outlined by the government in the recent Autumn Budget. Adjusted operating profit was flat once you disregard £6.5m in non-recurring items at the 2017 half-year, while a 9 per cent increase in organic orders should be viewed against an 8 per cent fall in the funded order backlog to £1.88bn.   

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