UK signs $2 billion contract extension with defence firm QinetiQ
Published by Global Banking & Finance Review®
Posted on May 22, 2025
1 min readLast updated: January 23, 2026

Published by Global Banking & Finance Review®
Posted on May 22, 2025
1 min readLast updated: January 23, 2026

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.
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)
The contract signed with QinetiQ is valued at 1.5 billion pounds, which is approximately $2.01 billion.
The contract extension with QinetiQ is for a duration of five years.
QinetiQ will provide testing and evaluation services for military purposes as part of the contract.
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