Qinetiq Share Discussion Threads

[18bt] 16/4/2024 06:31

Decent update - the CFO clearly didn’t get on with Wadey. But at least they issued the update before the announcement of her departure.

[johndoe23] 16/4/2024 06:24

Decent update, positive tone

[rimau1] 15/4/2024 09:16

Should be a good TU Wad, sadly global conflict is good for the stock price too

[wad collector] 15/4/2024 07:55

TU tomorrow ; something good?

[wad collector] 12/4/2024 14:23

Not clear how big a share QQ have of Dragonfire, but all good publicity, providing it works in a real situation.

[kibes] 12/4/2024 08:30

So much for the continuous share buybacks they are doing nothing for the share price at all. They are just pouring away cash which could have been given to shareholders in dividends or otherwise saved for investment in new products (like Dragonfire - it is ridiculous it won't be ready for 3 years).

[someuwin] 12/4/2024 06:38

DragonFire: The new British military laser that shoots down drones
The DragonFire weapon will work by using an intense beam of light to cut through its target. It is now expected to be ready for deployment by 2027 at the latest.

A new British military laser could be used in Ukraine to shoot down Russian drones, the defence secretary has suggested.

The DragonFire weapon, which is expected to be ready for deployment by 2027 at the latest, could have "huge ramifications" for Kyiv's conflict against Russia, Grant Shapps said.

New reforms aimed at speeding up procurement mean the laser, which was originally set to be rolled out in 2032, will now be operational five years earlier than planned, according to the Ministry of Defence.

But Mr Shapps said he would look to see if the pace can be increased further "in order for Ukrainians perhaps to get their hands on it".

"I've come down to speed up the production of the DragonFire laser system because I think given that there's two big conflicts on, one sea-based, one in Europe, this could have huge ramifications to have a weapon capable particularly of taking down drones," Mr Shapps said at the Porton Down military research hub in Salisbury.

"And so what I want to do is speed up what would usually be a very lengthy development procurement process, possibly up to 10 years, based on my conversations this morning, to a much shorter timeframe to get it deployed, potentially on ships, incoming drones, and potentially on land.

"Again, incoming drones, but it doesn't take much imagination to see how that could be helpful in Ukraine for example."

Laser-directed energy weapons (LDEWs) use an intense beam of light to cut through their target.

The MoD hopes the DragonFire system will offer a low-cost alternative to missiles in shooting down attack drones and even mortars.

It has been developed by defence firms MBDA, Leonardy and QinetiQ and the Defence Science and Technology Laboratory.

[brain smiley] 09/4/2024 17:37

Trading statement next Tuesday.Perhaps budget delays in USA holding Qinetiq back?

[faz] 09/4/2024 10:43

THanks for the replies!

[dope007] 09/4/2024 10:13

Across all defense stocks. Crazy if you ask me with the need to completely re-arm Europe after decades of stupidity from moronic politicians

[johndoe23] 09/4/2024 10:13

Defence down not sure why

[faz] 09/4/2024 10:10

Why the big fall today anyone?

[wad collector] 26/3/2024 09:20

I want one!

[chipfire] 26/3/2024 08:30

That’s a Twin Jet Banshee. 400mph+

[wad collector] 25/3/2024 15:15

That looks like an impressive toy plane carrying the Rattler. Bet the Rattler programme is a popular one at QQ.

[johnrxx99] 22/3/2024 07:22

QinetiQ completes flights of new Rattler
Posted 21 March 2024

[bartyb] 14/3/2024 22:26

Foster-Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,029,151 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Three for production, engineering support, and post-production support of the MK 2 Man Transportable Robotic System series systems and Talon systems. The scope includes production of systems, depot level repair parts, initial spares kits, consumables, repair parts and approved accessories. The location of the work to be performed will be determined on individual orders and is expected to be completed by March 2026. No funds are being obligated at the time of modification award.The Naval Surface Warfare Center, Indian Head Division, Indian Head, Maryland, is the contracting activity.*Small Business

[someuwin] 06/3/2024 12:07

"QinetiQ named as supplier on new £1.2bn Digital and IT Professional Services (DIPS) framework for UK’s Ministry of Defence"

05/03/2024

[johndoe23] 05/3/2024 08:49

Breaking out?

[kibes] 28/2/2024 11:46

BP and Shell have done endless share buybacks in the past and the shares have gone nowhere. They are still worth what they were 25 years ago. It is true that if the shares are cancelled there are less shares in issue but the problem is the cash has gone - it has been spent on nothing and evaporated into thin air. Dividends are a much better route.

[johnrxx99] 28/2/2024 05:51

But to my mind a divi would be more appreciated by the small investor. Buy backs are for the board and the Institutions imo, scratching each others backs.

[someuwin] 27/2/2024 13:25

These share buybacks will be cancelled - it says so in every RNS. Less shares in circulation increases the value of the remaining shares. Plus they seem to be generating lots of cash so they will soon replenish the pot. I think buybacks are a safer route than making acquisitions just for the sake of it and potentially buying a duff company. tbh I haven't been too enthused with what they've bought in the past.

[kibes] 27/2/2024 13:04

I have never seen share buybacks work. If the company is worth £x with £y held in cash and they spend all the cash on buying shares back then all the cash is gone and the company is then worth £x - £y. And usually they just hold onto the shares they have bought and don't cancel them. I don't get it. Why do it?