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    Home > Headlines > UK signs $2 billion contract extension with defence firm QinetiQ
    Headlines

    UK signs $2 billion contract extension with defence firm QinetiQ

    Published by Global Banking & Finance Review®

    Posted on May 22, 2025

    1 min read

    Last updated: January 23, 2026

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    Tags:innovationtechnologyfinancial services

    Quick Summary

    The UK has extended a $2 billion contract with QinetiQ for five years to provide military equipment testing and evaluation, including missile firings and pilot training.

    UK signs $2 billion contract extension with defence firm QinetiQ

    LONDON (Reuters) -Britain said on Thursday it signed a 1.5 billion pound ($2.01 billion) five-year contract extension with defence company QinetiQ for it to provide testing and evaluation of military equipment, including missile firings and test pilot training.

    ($1 = 0.7457 pounds)

    (Reporting by Muvija M, writing by Sam Tabahriti)

    Key Takeaways

    • •UK signs a $2 billion contract extension with QinetiQ.
    • •The contract covers military equipment testing and evaluation.
    • •Includes missile firings and test pilot training.
    • •The contract is valued at 1.5 billion pounds.
    • •The extension lasts for five years.

    Frequently Asked Questions about UK signs $2 billion contract extension with defence firm QinetiQ

    1What is the value of the contract signed with QinetiQ?

    The contract signed with QinetiQ is valued at 1.5 billion pounds, which is approximately $2.01 billion.

    2What is the duration of the contract extension?

    The contract extension with QinetiQ is for a duration of five years.

    3What services will QinetiQ provide under this contract?

    QinetiQ will provide testing and evaluation services for military purposes as part of the contract.

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