Annual Report and Accounts 2010

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Restoring QinetiQ to Strength


Typhoon programme

The business won a £37m, three-year contract during the year to support the Typhoon programme.

Iraqi flight-training

We continue to deliver Iraqi flight-training services as part of a multi-year contract worth more than $100m.


Cyveillance, providing proactive preventative solutions for customers in the cyber security market, was acquired during the year for an initial consideration of £26.1m.

Chief Executive Officer’s review

QinetiQ’s deep customer relationships in the UK and the US, together with the world-class expertise and innovation of its employees, provide the capacity for longer term profitable growth.
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Chief Financial Officer's review

Despite the challenging year, the cash generation across the Group was very strong with net cash flow from operations* up 3% at £174.3m.

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2010 Highlights




Underlying operating profit

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