QinetiQ secures £205m contract extension with MoD

(Sharecast News) - Defence technology firm QinetiQ said on Monday that it has secured a five-year extension worth £205m with the UK Ministry of Defence (MOD), to continue to deliver mission critical engineering services for the Royal Air Force's Typhoon aircraft. QinetiQ said the multi-year programme will deliver accelerated, vital engineering outputs to maintain Typhoon capability and pilot safety, using next generation AI and digital engineering to reduce the time and cost of getting Typhoons airworthy and mission ready, while maintaining front line capability.

The company is investing £10m to embed new digital and AI technology, building on an existing partnership with UK based AI SMEs, "to augment high-value engineering skills to significantly increase productivity, in line with the ambitions of the government's Strategic Defence Review and Defence Industrial Strategy".

The agreement will be delivered by the recently strengthened QinetiQ-led Aurora Engineering Delivery Partnership (EDP), through which QinetiQ, Atkins, BMT, Frazer-Nash, KBR and over 380 companies provide the MOD with engineering services.

QinetiQ chief executive officer Steve Wadey said: "This contract is a testament to our commitment to the government's defence as an engine for growth agenda. We're backing UK businesses, modernising how we deliver and ensuring the operational readiness of our armed forces.

"Working in close collaboration with the Ministry of Defence, we are investing in cutting-edge technology that increases our productivity and elevates our vital expertise, meaning we can get mission critical capability in to the hands of our warfighters at pace and reduced cost."

At 1235 GMT, the shares were up 3.9% at 535.50p. Defence stocks more broadly were in the black on the back of US President Donald Trump's latest tariff threats.