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Search Results for: QinetiQ

EM’s Weekly Roundup: QinetiQ to Acquire MTEQ; Fluor, Lockheed Martin, CACI Win Huge Contracts; POC Hosting FY20 Budget and Procurement Forum on Oct. 16th & Weekly Top 10 Stories

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

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Steve Wadey: QinetiQ Seeks to Grow US Footprint Through $105M Buy of Sensor Maker MTEQ

QinetiQ has agreed to buy Lorton, Va.-based sensor provider Manufacturing Techniques for approximately $105M in a push to establish a global defense and security company. The deal, which is subject to legal and regulatory approvals, involves an additional $20M in cash and stock payments contingent on financial performance over a three-year period, QinetiQ said Wednesday.

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Army Selects QinetiQ NA for $152M Unmanned Ground Robot Production Contract

QinetiQ North America has won a $152M initial contract to manufacture small unmanned ground robots for the U.S. Army’s Common Robotic System – Individual program, Defense News reported Thursday. A statement from Fort Benning in Georgia noted that the contract’s value may increase to $400M through follow-on awards and options. …

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QinetiQ NA Lands $90M Contract to Update, Sustain Army TALON Robot Systems

QinetiQ North America has received a potential five-year, $90M contract to help the U.S. Army modernize and sustain a family of robotic systems designed to neutralize explosives and support other military missions. The company will provide reset, maintenance and recap services for the Tactical Adaptable Light Ordnance Neutralization robots, the Department of Defense said Monday. Army …

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Army Taps QinetiQ North America, Endeavor for $429M Robotic System EMD Contract

The U.S. Army has awarded Endeavor Robotics and QinetiQ North America spots on a potential nine-year, $429.1 million contract to engineer, manufacture and develop robotic systems. The Army Contracting Command received three bids for the EMD contract in support of the Common Robotic System (Individual) program, the Defense Department said Friday. …

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Rolls Royce Vet David Smith Joins Qinetiq as CFO; Steve Wadey Comments

David Smith,  chief financial officer and director at Rolls Royce, will join U.K.-based science and engineering company Qinetiq as CFO. Qinetiq said Tuesday Smith will succeed David Mellors, who is scheduled to leave QinetiQ on Dec. 31 to join Cobham as the defense contractor’s CFO. “[David] has extensive executive experience in blue …

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QinetiQ Vet David Mellors to Join Cobham as CFO

David Mellors, chief financial officer at British robotics technology maker QinetiQ Group, will join U.K.-based aerospace and defense contractor Cobham as CFO on a yet unconfirmed date no later than Jan. 1, 2017. Cobham said Wednesday that current CFO Simon Nicholls will depart the company later in the year and remain in the role as the …

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LookingGlass to Acquire QinetiQ’s Cyveillance Threat Intell Business for $35M

LookingGlass Cyber Solutions has agreed to acquire online monitoring and threat intelligence business Cyveillance from British defense technology contractor QinetiQ Group for approximately $35 million in cash. Chris Coleman, CEO of LookingGlass, said Friday his company aims to build a comprehensive intelligence-based platform for security professionals to manage business risks and threats. Arlington, Virginia-based …

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Jeff Yorsz Joins QinetiQ NA as President

Jeff Yorsz, a former general manager at Northrop Grumman‘s (NYSE: NOC) Adaptive Optics Associates subsidiary, has been appointed president of defense technology firm QinetiQ North America. He will be responsible for all aspects of business operations and strategic programs in his new position, QNA said Tuesday. “Historically QNA has developed …

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John Wilson Joins Qinetiq’s Cyveillance Arm as EVP; Scott Kaine Comments

John Wilson, formerly executive vice president of global field operations at Qualys, has joined cyber intelligence provider and Qinetiq subsidiary Cyveillance as an EVP. Wilson will work to oversee the integration of new services into Cyveillance’s threat intelligence portfolio and form a professional services team to help customers with threat intelligence gathering and analysis work, …

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