Defence firm QinetiQ warns of delays in UK, US contracts being awarded

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Defence firm QinetiQ warns of delays in UK, US contracts being awarded

//business-finance.news-articles.net/content/202 .. -of-delays-in-uk-us-contracts-being-awarded.html

Published in Business and Finance on Monday, March 17th 2025 at 7:20 GMT by Reuters

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
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QinetiQ, a British defense technology company, has issued a warning about potential delays in the awarding of contracts from the UK and US governments, which could impact its financial performance. The company noted that while there is a strong demand for its services, the timing of contract awards remains uncertain, potentially affecting its revenue and profit forecasts for the year. This uncertainty stems from the complex procurement processes in both countries, which can be influenced by budget constraints, policy changes, and other governmental priorities. Despite these challenges, QinetiQ remains optimistic about its long-term growth prospects, supported by increasing defense budgets and the need for technological advancements in military applications.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/defence-firm-qinetiq-warns-of-delays-in-uk-us-contracts-being-awarded/ar-AA1B4uNS ]