QINETIQ GROUP (LSE:QQ.)
Qinetiq, MoD sign £998m support services pricing deal
QinetiQ said the UK Ministry of Defence will pay £998 million for the third five-year term of their long-term partnering agreement (LTPA).
Qinetiq has completed 10 years of the 25-year LTPA, and the just-agreed price for the third five-year term will see it continue to provide test, evaluation and training support services to the MoD.
"As a result of cost savings and some minor changes in scope, MOD will pay £998 million across the third five-year term of this contract," Qinetiq said.
Open a free research account
|Bid / Ask||199.3 / 199.6|
|Day Range||197.8 / 199.7|
|52Week Range||179.02 / 233.70|
|Last Update: 10:54:06 (03/03/15)|