Picture of Qinetiq logo

QQ. Qinetiq News Story

0.000.00%
gb flag iconLast trade - 00:00
IndustrialsBalancedMid CapNeutral

REG - QinetiQ Group plc - LTPA Extension

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250522:nRSV6880Ja&default-theme=true

RNS Number : 6880J  QinetiQ Group plc  22 May 2025

News release

QinetiQ Group plc

LTPA extension worth £1.54 billion to modernise test & evaluation for
future warfare

22 May 2025 - QinetiQ Group plc ("QinetiQ") today announces a five-year,
£1.54 billion extension to its Long Term Partnering Agreement (LTPA) with the
UK's Ministry of Defence (MOD) that will transform the provision of mission
critical test and evaluation capabilities and services that help to enhance
operational readiness of the UK and allied nations.

Alongside the contract amendment extending the LTPA to 2033, the Company is
also recognising an incremental order of £166 million relating to current
investments in test and evaluation.

Through the LTPA, QinetiQ delivers vital Test, Trials, Training and Evaluation
(T3E) capabilities that ensure armed forces personnel are equipped and
prepared for mission success. Over the next eight years, QinetiQ and the MOD
will continue to invest to deliver T3E for next generation defence
technologies such as uncrewed systems, hypersonics and directed energy
weapons. Digitalisation will increase the pace at which new concepts and
solutions are tested and then delivered into service. QinetiQ and the MOD have
committed to improve access for agile and innovative small and medium sized
enterprises (SMEs) to use the LTPA's services.

Defence Secretary John Healey MP said: "Rigorously tested equipment and the
trialling of emerging technologies are key to ensuring our armed forces are
using combat-ready capabilities on the frontline.

"The contract will help keep Britain secure at home and strong abroad, as we
drive forward innovation to bolster our national security and support skilled
jobs across the UK.

"With hundreds of British businesses supported by this investment through
QinetiQ's supply chain, we are demonstrating how defence is an engine for
growth across the UK, and delivering on our Plan for Change."

Steve Wadey, Group Chief Executive Officer at QinetiQ, said: "Through the
LTPA, we play a vital role helping to protect and enhance the UK's defence and
security. The extension of our partnership with MOD enables us to continue
investing to deliver the transformational change in test and evaluation that's
required to ensure our armed forces have operational advantage over disruptive
technologies.

"We're seeing increased demand for our services from NATO countries and this
LTPA extension positions the UK as a leading centre for T3E and facilitates
the delivery of major equipment platforms as well as future upgrade
programmes."

The extension to the LTPA will sustain more than 1,200 highly skilled jobs at
16 MOD sites across England, Scotland and Wales and support an increasingly
diverse supply chain of more than 825 companies across the UK, 590 of which
are SMEs.

Earlier this month, QinetiQ hosted Formidable Shield, a NATO joint strike
exercise, at the MOD Hebrides range - one of 16 sovereign sites managed under
the LTPA.

Since the signing of the original 25-year contract in 2003, QinetiQ, in
partnership with MOD, has delivered T3E services which have supported crucial
moments in UK defence. These include the first launch of a ballistic rocket
into space from the UK, the UK's first firing of a high-power laser directed
energy weapon against aerial targets and Europe's first successful
demonstration of teaming a piloted aircraft with an autonomous air vehicle.
The extension will support the delivery of a range of future defence
capability including the Global Combat Air Programme (GCAP), Dreadnought
nuclear submarines as well as drones.

 

For further information, please contact:

Stephen Lamacraft, Group Interim Director Investor Relations:
            +44 (0) 7471 885817

Stephanie Mann, Group Head of Media Relations (Media enquiries):
         +44 (0) 7770 720268

 

About QinetiQ

 

QinetiQ is an integrated global defence and security company focused on
mission-led innovation.  Our purpose is protecting lives by serving the
national security interests of our customers. We employ more than 8,500
highly-skilled people, committed to creating new ways of testing technologies,
systems, and processes to make sure they meet operational needs, and enabling
customers to deploy new and enhanced capabilities with the assurance they will
deliver the performance required.

Visit www.QinetiQ.com (http://www.qinetiq.com/) for more information, or
follow us on LinkedIn
(https://www.linkedin.com/company/qinetiq_2/?viewAsMember=true) .

About LTPA

The Long Term Partnering Agreement (LTPA) is a strategic framework contract
originally signed in 2003, between QinetiQ and the UK Ministry of Defence,
delivering Test, Trials, Training and Evaluation services through 16 core
MOD-owned sites in England, Scotland and Wales.

 

Under the LTPA, QinetiQ supports the UK MOD - and its allies - in ensuring
Land, Maritime and Air assets, as well as weapons capabilities, meet the
frontline's requirements, through investment in new technology, facilities and
operating models.

 

Visit www.t3e.uk (http://www.t3e.uk) for more information.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUAAARVNUVUUR

Recent news on Qinetiq

See all news