QinetiQ Group PLC

Earnings Release • Aug 12, 2025

National Storage Mechanism | Additional information

RNS Number : 8539U

QinetiQ Group plc

12 August 2025

News release

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QinetiQ Group plc

Divestment of US Federal IT Services

12 August 2025  - QinetiQ Group plc ("QinetiQ" or the "Group") today announces that as part of its US restructuring programme, it has reached an agreement to sell its non-core Federal IT Services business consisting of data and cyber services to V2X for an EV consideration of $31m, representing approximately 1x revenue. The transaction is expected to complete before the end of September.

The divestiture demonstrates the disciplined execution of our strategy and capital allocation policy in action. The proceeds from the sale of the non-core asset will support our ongoing buyback programme and reduce net debt. This disposal also reinforces the clear focus of our renewed US growth strategy on four core market segments, where we see increasing demand and have differentiated capability; maritime systems, advanced sensors, space and missile defence mission support and persistent surveillance. Each of these market segments has good long-term growth potential and together represent the majority of our revenue in the US.

About QinetiQ:

QinetiQ is an integrated global defence and security company focused on mission-led innovation. QinetiQ employs c.8100 highly-skilled people, committed to creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they meet operational needs; and enabling customers to deploy new and enhanced capabilities with the assurance they will deliver the performance required .

For further information please contact:

Stephen Lamacraft, Interim Group Investor Relations Director:                +44 (0) 7471 885817

Stephanie Mann, Group Head of Media Relations:                                   +44 (0) 7770 720268

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