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Share Name Share Symbol Market Type Share ISIN Share Description
Qinetiq 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
  +3.80p +1.31% 293.40p 292.20p 292.40p 292.80p 289.60p 292.00p 901,872 16:35:08
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Aerospace & Defence 833.0 144.8 24.4 12.0 1,673.39

QinetiQ Group plc QinetiQ North America Wins U.S. Army CRS contract

15/03/2019 7:01am

UK Regulatory (RNS & others)


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QinetiQ Group plc

15 March 2019

QinetiQ North America Wins U.S. Army CRS(I) contract for small ground robots

15 March 2019 - QinetiQ North America (QNA) today announces that it has won the competition for the U.S. Army's Common Robotic System-Individual (CRS(I)) program. The seven-year Indefinite Delivery Indefinite Quantity (IDIQ) contract, valued up to $164m is for the delivery of small ground robots. It includes a Low Rate Initial Production (LRIP) phase worth approximately $20m over one-to-two years, followed by a series of annual production releases. QNA has been awarded a $4m initial order as part of the LRIP phase.

The CRS(I) robot is designed to be back-packable and is equipped with advanced sensors and mission modules for dismounted forces to enhance mission capabilities. CRS(I) features an interoperability profile (IOP) compatible open architecture to support a variety of payloads and missions to detect, identify, and counter hazards.

This significant win for small ground robots builds on QNA's recent contract awards for the Route Clearance Interrogation System program (RCIS) and Phase II of the Common Robotic System-Heavy program (CRS-H).

"Providing robust, reliable, and exceptionally capable ground robots to support our armed services has been a driving passion at QNA for decades now," said Jeff Yorsz, President of QinetiQ North America. "Our CRS(I) robot combines performance, intuitive control, and easy transport with a very competitive price point. This will redefine the market for next-generation back-packable robots."

About QinetiQ North America

QinetiQ North America (QNA) is a subsidiary of QinetiQ Group plc, the FTSE250 company listed on the London Stock Exchange (LSE:QQ.L). QNA delivers world-class technology and revolutionary products to the defense, security, commercial and utility markets. Customers rely on QNA products to increase situational awareness, aid in personal safety, enhance security and streamline operations. QNA products include unmanned systems, military survivability solutions and power sensors and control systems. QNA is headquartered in Waltham, Massachusetts and operates as the US arm of QinetiQ Group's Global Products division. For more information, visit www.qinetiq-na.com.

Contacts

 
 Investor relations: 
 David Bishop, Group Director Investor 
  Relations and Communications            +44 (0) 7920 108675 
 Ian Brown, Group Head of Investor 
  Relations                               +44 (0) 7908 251123 
 
 Media relations: 
 Julie Collura, Communications            +1.781.684.4447 
  Manager, QinetiQ North America 
 

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.

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March 15, 2019 03:01 ET (07:01 GMT)

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