Company summary
QinetiQ is a defence and security technology group providing testing, training, engineering, mission systems and advanced technology to governments and defence customers. It has significant operations in the UK, US and Australia.
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QQ
Qinetiq
Aerospace & Defence
- Index
- FTSE 250
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Defence research and engineering, test and evaluation, training, robotics, sensors, mission systems, threat representation and specialist services for armed forces and government agencies.
Key markets
The UK Ministry of Defence is a major customer, alongside the US Department of Defense, Australia and other allied governments.
Key drivers
Defence budgets, contract wins, order intake, long-term test-and-evaluation programmes, US growth, margins, cash conversion and geopolitical demand for defence capability.
Key risks
Government procurement delays, contract concentration, programme execution, security requirements, cost inflation, US budget uncertainty and integration of acquisitions.
Recent Developments
FY2026 results delivered improved profitability and a sharply higher dividend, although management has highlighted near-term uncertainty around some customer spending. QinetiQ is targeting further international growth and margin improvement, with defence-budget expansion and execution in the US business particularly important through FY2027.
Dividend notes
QinetiQ follows a progressive dividend policy. FY2026 dividend increased 24% to 11.0p per share; the 8.0p final dividend went ex-dividend on 23 July 2026 and is payable on 20 August.
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