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.
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|Bid / Ask||190 / 190.2|
|Day Range||189.3 / 194.4|
|52Week Range||179.02 / 233.70|
|Last Update: 13:54:01 (28/01/15)|