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QNTQY Qinetiq Group PLC (PK)

23.15
0.00 (0.00%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Qinetiq Group PLC (PK) USOTC:QNTQY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 23.15 21.55 23.92 43 21:13:57

UK Cuts Armed Forces, Withdraws From Germany; Carriers Go Ahead

19/10/2010 4:30pm

Dow Jones News


Qinetiq (PK) (USOTC:QNTQY)
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The U.K. will cut armed forces personnel, withdraw its forces from Germany and press ahead with building two aircraft carriers, Prime Minister David Cameron said Tuesday.

Cameron delivered the long-awaited strategic defense and security review to the House of Commons, a program outlined earlier this year to cut spending to address a gaping budget deficit.

Britain will cut 7,000 jobs from the army and 5,000 from each of the Royal Air Force and the Royal Navy.

Forces will withdraw from Germany by 2020.

Two aircraft carriers will be built after Cameron said the cost of canceling one of carriers was higher than the build cost.

-By Jonathan Buck, Dow Jones Newswires; +44 (0)207 842 9237; jonathan.buck@dowjones.com

 
 

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