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QQ. Qinetiq Group Plc

344.40
3.20 (0.94%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Qinetiq Group Plc LSE:QQ. London Ordinary Share GB00B0WMWD03 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.20 0.94% 344.40 344.80 345.40 347.20 341.80 342.60 1,067,713 16:35:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 1.58B 154.4M 0.2681 12.88 1.99B

QinetiQ Group plc Aurora Partnership

10/10/2018 9:00am

RNS Non-Regulatory


TIDMQQ.

QinetiQ Group plc

10 October 2018

News Release

Aurora partnership to help transform

Defence engineering services

10 October 2018 - The Aurora Engineering Partnership has been appointed by the Ministry of Defence (MOD) as their Engineering Delivery Partner for Defence Equipment & Support (DE&S).

From 8(th) October, the partnership - formed by QinetiQ, Atkins, a member of the SNC-Lavalin Group, and BMT - will help the MOD to reduce costs of their engineering services, while ensuring the UK's Armed Forces receive the best equipment and support.

With the partnership of QinetiQ, Atkins and BMT, the MOD will get access to extensive experience in the defence sector, as well as experience of delivering similar partnerships in other sectors.

Aurora will help DE&S manage these costs, driving effective change and savings through financial discipline and transparent, simplified pricing. Dr Gordon Barr, Managing Director, Aurora Engineering Partnership, QinetiQ, said: "The vision for the EDP is to form a strong and professional engineering partnership with DE&S, enabling agile and efficient outcomes for front line equipment and support."

John McGlynn, Aurora Delivery Director, Atkins, added: "Our aim is to provide the right support, first time, safely and within budget. We'll achieve this by focusing first and foremost on the outcomes for those on the front line, working collaboratively to drive increased performance and productivity wherever we can."

Another key element of the EDP will be driving innovation from across industry and academia. As part of this, Aurora will build a provider network including niche and specialist small to medium sized enterprises (SME) to tap into the best UK expertise.

Roy Quilliam, Aurora Engineering Director, BMT explains: "We are establishing a sustainable provider network that encourages and develops SMEs as a vital part of providing more efficient and innovative services to DE&S. We already have an unprecedented 280 companies registered, of which 70% are SMEs, to provide engineering services to the Aurora Engineering Partnership."

Companies wishing to express an interest in joining Aurora's network of providers can do so at www.auroraengineeringpartnership.co.uk.

-ENDS-

Notes for Editors:

About QinetiQ

 
 --   Listed on the London Stock Exchange (LSE: QQ.L), QinetiQ is a 
       leading science and engineering company operating primarily in 
       the defence, security and aerospace markets. Our customers are 
       predominantly government organisations including defence departments, 
       as well as international customers in other targeted sectors. 
 
 --   Visit our website www.QinetiQ.com 
 
 --   Follow us on LinkedIn and Twitter @QinetiQ 
 
 --   Consult our privacy policy 
 

For further information, please contact

QinetiQ Press Office on Tel: +44 (0) 1252 39 3500

Email: PressOffice@QinetiQ.com

Visit the website at www.QinetiQ.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRAXKLFBVBFXFBD

(END) Dow Jones Newswires

October 10, 2018 04:00 ET (08:00 GMT)

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