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Qinetiq affected by UK and US contract delays despite defence boom

The Farnborough-based company added that it is launching a restructuring of its US business to help drive growth.



Qinetiq is experiencing contract delays in its UK intelligence business and US arm, leading to a profit guidance hit of up to £30 million and a US business restructuring. The company expects a goodwill impairment of around £140 million due to market uncertainty, despite a broader defence sector boom fueled by global conflicts.

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