QinetiQ Beats Expectations, Secures £2.4B Contracts

QinetiQ Groups first-half financial results exceeded expectations, with a core operating profit of £96 million, despite a 3% sales decline. Securing £2.4 billion in new contracts, including a £1.5 billion UK defense deal, bolstered their confidence in long-term growth. The company maintained its full-year outlook, planning a 3% sales increase and a 7% dividend hike.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.