 | |
| Company type | Public limited company |
|---|---|
| ISIN | GB00B0WMWD03 |
| Industry | Aerospace Defence Research and development |
| Predecessor | Defence Evaluation and Research Agency |
| Founded | 1 July 2001[1] |
| Headquarters | Cody Technology Park, , |
Key people | Neil Johnson (chairman) Steve Wadey (CEO) |
| Products | Defence, security, aviation, and energy and environment |
| Revenue |  £1,580.7 million (2023)[2] |
| £196.3 million (2023)[2] | |
| £154.4 million (2023)[2] | |
| Total assets | £2,072.1 million (2023)[2] |
| Total equity |  £968.3 million (2023)[2] |
Number of employees | 8,268 (2023)[2] |
| Website | www |
QinetiQ (/kɪˈnɛtɪk/ as in kinetic) is a multinational defence technology company headquartered in Farnborough, Hampshire. It operates primarily in the defence, security and critical national infrastructure markets and run testing and evaluation capabilities for air, land, sea and target systems.
As a private entity, QinetiQ was created in April 2001; prior to this its assets had been part of Defence Evaluation and Research Agency (DERA), a now-defunct British government organisation. While a large portion of DERA's assets, sites, and employees were transferred to QinetiQ, other elements were incorporated into Defence Science and Technology Laboratory (DSTL), which remains in government ownership. Some former DERA locations have thus become key sites for QinetiQ. These include Farnborough, Hampshire; MoD Boscombe Down, Wiltshire; and Malvern, Worcestershire.
In February 2006, QinetiQ was floated on the London Stock Exchange. The privatisation process was subject to an inquiry by the UK's National Audit Office, which was critical of the generous incentive scheme available to the company's management. QinetiQ has completed numerous acquisitions of defence- and technology-related companies, primarily those that are based in the United States, and is a trusted supplier to the US government. QinetiQ USA operates under a Special Security Arrangement[3] which allows it to work independently and separately on some of the most sensitive United States defense programs despite its foreign ownership. It has also spun off some of its technologies into new companies, such as Omni-ID Ltd. It is currently a constituent of the FTSE 250 Index.
- ^ Lewis Moonie, Parliamentary Under-Secretary of State for Defence (5 December 2002). "QinetiQ". Parliamentary Debates (Hansard). Parliament of the United Kingdom: House of Commons. col. 86WS.
- ^ a b c d e f "Annual Report 2023". QinetiQ. Retrieved 13 February 2024.
- ^ "QinetiQ signs SSA with US Defense Counterintelligence & Security Agency". www.army-technology.com. 14 July 2020.