REG - QinetiQ Group plc - QinetiQ announces £259 million renewal of MSCA

QinetiqAnnouncement

05/04/2023 07:15

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RNS Number : 3821V  QinetiQ Group plc  05 April 2023

News release

QinetiQ Group plc

QinetiQ announces £259 million renewal of Maritime Strategic Capability
Arrangement

5(th) April 2023 - QinetiQ Group plc ("QinetiQ") today announces the renewal
of the Maritime Strategic Capability Arrangement (MSCA) with the Submarine
Delivery Agency for a further ten years, ensuring a seamless transition from
the previous 15-year agreement. The £259 million contract also includes an
option for an additional five-year extension.

The MSCA delivers critical sovereign capabilities that contribute to the
assurance of the UK's ability to design, build and safely operate the Royal
Navy's surface and subsurface fleet, including the UK's continuous at sea
deterrent. The capabilities provided include independent design, test,
evaluation and assurance services covering Hydromechanics, Stealth and
Signatures, Structures and Maritime Life Support.

The renewal of the MSCA will secure vital sovereign skills and also provides a
framework which allows QinetiQ to leverage these skills and capabilities.
This will help to ensure the UK retains the ability to work as a strategic
partner to its allies.

Drawing on world-leading experts, facilities and technology delivered from
sites at Haslar in Gosport, Rosyth, Chichester and Farnborough, the renewed
contract will provide longevity and consistency, not only for the maritime
capability of the Royal Navy, but in ensuring sustained employment in these
areas for the next ten years. The enhanced programme of work will also enable
greater engagement with the broader maritime enterprise including academia.

Nic Anderson, Chief Executive of UK Defence, QinetiQ, said:

"The award of the MSCA contract demonstrates the ongoing commitment of the
Ministry of Defence and the Submarine Delivery Agency in working with QinetiQ
to deliver and assure critical maritime capability to the UK.  We are
extremely proud of our highly skilled and dedicated employees who continue to
deliver the MSCA in support of the Royal Navy, helping to ensure national
security and vital maritime trade.

The renewal of the MSCA will sustain key skills at our sites and will also
reinvigorate our relationships with education and academia, supporting STEM
programmes to attract the next generation of naval architects, engineers and
other vital roles."

SDA CEO, Sir Chris Gardner, said:

"To continue our strategic relationship with QinetiQ and secure the essential
MSCA capabilities for another 10 years is an important achievement for the
Submarine Delivery Agency, and good news for the submarine programme and the
Royal Navy".

The Royal Navy's Director Submarines, RAdm Simon Asquith, said:

"The MSCA is an essential cornerstone of some critical aspects of Royal Navy
capability. These capabilities will help to ensure that the UK can continue to
design, build, and operate world beating submarines, both now and into the
future."

About QinetiQ

QinetiQ (QQ.L) is a leading science and engineering company operating
primarily in the defence and security markets. We work in partnership with our
customers to solve real world problems through innovative solutions delivering
operational and competitive advantage. Visit our website www.QinetiQ.com
(http://www.QinetiQ.com) . Follow us on LinkedIn and Twitter @QinetiQ.  Visit
our blog www.QinetiQ-blogs.com (http://www.QinetiQ-blogs.com) .

For further information please contact:

 John Haworth, Group Director of Investor Relations:             +44 (0) 7920 545841
 Lindsay Walls, Group Director Communications (Media enquiries)  +44 (0) 7793 427582

 

 

 

 

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