QinetiQ announced on Wednesday that the company has entered into an agreement to acquire Manufacturing Techniques on a cash-free, debt-free basis for $105M to be paid in cash on completion. The transaction will more than double the size of QinetiQ’s U.S. operations.

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Steve Wadey, formerly managing director of MBDA’s U.K. business, has taken on his new role as CEO at QinetiQ. Wadey, whose appointment was announced in January 2015, is tasked to steer QinetiQ’s organic-plus growth strategy and lead more than 5,000 employees in the U.K., U.S., Belgium and Australia, QinetiQ said Monday. “I am relishing my new […] More

Steve Wadey, managing director of MBDA‘s U.K. arm and co-chair of the Defense Growth Partnership, will join QinetiQ as CEO in the second quarter of this year. QinetiQ said Tuesday that Wadey will also be a member of its board of directors and the committees for risk and corporate social responsibility, nominations and security. “We were looking for an […] More

James Willis, currently head of defense and security at Vodafone UK, and Steve Fitz-Gerald, formerly CEO of Marshall Aerospace and Defence Group, will join QinetiQ as managing directors for two different business areas. QinetiQ said Tuesday both appointees will also serve on the company’s executive committee and report directly to CEO Steve Wadey. “James and Steve have proven track records of growth in […] More

Defense technology company QinetiQ Group is eyeing the U.S. and Australia as priority markets under the company’s acquisition strategy, Bloomberg reported Thursday. QinetiQ CEO Steve Wadey forecasts the two countries will cover approximately 70 percent of new business for the British contractor in the next five years, the report said. The U.K.-headquartered firm announced in […] More

QinetiQ has opened a center of excellence at the company’s headquarters in  Farnborough, England, to facilitate development and test of high-energy lasers. The Dragonworks CoE is built to serve as a testing platform for military and commercial laser technology platforms, the company said Friday. The facility includes a clean-room wherein personnel can work on sensitive optical equipment and offers access […] More

QinetiQ and Rockwell Collins have partnered to develop a multi-constellation open service offering as both companies aim to help address mission requirements of government and military customers as well as infrastructure operators. The partnership will also produce and offer a suite of Global Navigation Satellite System  receivers to support clients’ operational and geographical needs, Rockwell Collins said Thursday. Colin Mahoney, senior vice president of […] More