QinetiQ Group plc News release (2702L)
September 30 2016 - 1:01AM
UK Regulatory
TIDMQQ.
RNS Number : 2702L
QinetiQ Group plc
30 September 2016
News release
GBP109m contract secures jobs at Portsmouth warship integration
and test facility
Strictly embargoed until 0700 Friday 30 September 2016 - QinetiQ
has signed an 11-year, GBP109m contract extension with the UK
Ministry of Defence (MOD) to continue to develop and de-risk Royal
Navy mission systems and infrastructure through integration and
testing at Portsdown Technology Park, Portsmouth, UK.
The renewal of the Naval Combat System Integration Support
Services (NCSISS) contract, first signed in 2012, secures the
site's future as a UK Centre of Excellence for Maritime Mission
Systems integration and testing, specialised analysis and technical
expertise.
Operating in collaboration with the Royal Navy, DE&S and BAE
Systems, the contract will sustain around 280 jobs in the
Portsmouth area, and will be accompanied by QinetiQ investment to
modernise the facilities, equipment and ways of working at the
Portsdown site to improve services to the MOD and attract new
customers to the site.
For over 45 years, Portsdown Technology Park (PTP) has
integrated and tested complex combat and communications equipment
and software for all Royal Navy warships prior to their deployment
at sea. Recent examples of technology that has been tested and
integrated with existing equipment using facilities at PTP include
BAE Systems' Artisan surveillance radar and MBDA's Sea Ceptor
missile.
Harriett Baldwin, Minister for Defence Procurement, said:
"This contract with QinetiQ is great news for the Royal Navy and
for jobs in the region. Our commitment to Portsmouth is
demonstrated by the Ministry of Defence's GBP100 million investment
over the next six years*. With a rising defence budget we are
ensuring that our armed forces have the equipment and support they
need to keep the UK safe and secure."
Steve Wadey, QinetiQ CEO, said: "This contract is recognition of
Portsdown as an asset of critical national importance, relied upon
by the Royal Navy to guarantee the safety and effectiveness of its
fleet. It is excellent news for QinetiQ and its partners, which
together support over 280 local jobs. In addition, our own
investment will increase the site's capacity, allowing us to
attract new customers and creating opportunities for more small and
medium enterprises to become part of the Royal Navy supply chain.
It reinforces our commitment to collaborating across industry to
modernise the UK's test and evaluation capability, ensuring it
continues to support the safety and operational advantage of our
Armed Forces in the 21st century."
Neal Lawson, Director Ships Support at the MOD's Defence,
Equipment and Support Headquarters said:
"This contract demonstrates how DE&S, industry and the Royal
Navy are working collaboratively to deliver cutting-edge technology
to the Surface Fleet through evermore efficient means.
"This arrangement will ensure that our future Queen Elizabeth
Aircraft Carriers and the new Type 26 Frigates will have the
world-class capability required to deliver the Nation's global
effect. The Portsdown Technology Park will remain a unique and
vital centre of excellence for the UK."
*GBP100m investment in Portsmouth Naval Base
http://www.royalnavy.mod.uk/news-and-latest-activity/news/2015/january/30/150130-100-million-pound-investment
Notes for Editors:
-- 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
-- Visit our blog www.QinetiQ-blogs.com
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 company news service from the London Stock Exchange
END
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