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Tag Archives: 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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Mac Curtis Honored With Good Scout Award During 2019 Good Scout Technology Award Luncheon

Mac Curtis, president and chief executive officer of Perspecta, was honored Wednesday, May 8th, during the Boy Scouts of America National Capital Area Council’s Good Scout Technology Award Luncheon at the Tysons Corner Marriott in Tysons, Va. Phil Nolan, general partner of Blue Delta Capital Partners, served as Good Scout …

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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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Defense Industry Vet David Adams Joins Endeavor Robotics as CFO

David Adams, a 20-year defense industry veteran and a certified public accountant, has joined Endeavor Robotics as chief financial officer at the Chelmsford, Mass.-based unmanned ground vehicle manufacturer. He will report directly to Endeavor CEO Sean Bielat and oversee the company’s financial activities that cover planning and analysis functions, the company said Wednesday. Adams …

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Pilatus Books $295M in PC-21 Trainer Aircraft Orders

Pilatus Aircraft has received three contracts worth more than $294.6 million in total to supply PC-21 trainer jets to two international military customers and one defense company. The orders include 17 PC-21s for the French air force and two units each for Jordan’s air force and British contractor Qinetiq, Pilatus Aircraft said Wednesday. Oscar Schwenk, chairman of Pilatus’ …

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AECOM Vet Maliek Ferebee Named Chief HR Officer at Alion Science

Alion Science and Technology has appointed G. Maliek Ferebee, former corporate vice president of human resources at AECOM (NYSE: ACM), as chief HR officer of the McLean, Virginia-based government engineering and technology services contractor. He will oversee Alion Science’s efforts to grow its technical and operational workforce in his new role, the company said Tuesday. …

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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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