Defence firm QinetiQ said it is on course to achieve its financial expectations for the year ending March 31, 2013 but has said that although the UK remains strong, the US market conditions remain challenging.
The company last month secured a £1bn deal with the Ministry of Defence to support to the armed forces over the next five years. The UK division is “benefiting from a more competitive cost base, better project execution and improved alignment with customer needs,” QinetiQ said in a statement. However it cautioned that order flow…
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