QinetiQ wins Aerial Training Services Contract
Source: RNS
News release
QinetiQ Group Plc
QinetiQ wins €284 million Aerial Training Services Contract with Bundeswehr
1 August 2024 - QinetiQ Group plc ("QinetiQ" or the "Company") announces today that it has been awarded the Aerial Training Services (ATS) Contract with the German Armed Forces Procurement Office for the German Armed Forces (Bundeswehr), Air Force, Army, Navy, and Special Forces.
The 10-year contract is worth €284 million with an option for an additional two-year extension. It represents the largest and longest contract award for QinetiQ's Global Threat Representation business, providing long-term visibility and enabling future growth for our German operations.
For more than thirty years, aerial training and related services have been an essential part of the German Armed Forces' operations. Under the ATS contract, QinetiQ will provide a comprehensive range of tailored services including Joint Terminal Attack Controller (JTAC[1]) training, Red Air[2] training, close air support, maritime air operations, ground control intercept training, air traffic control training and target towing for ground based air defence systems. These mission-critical training services will be delivered by the newly enhanced QinetiQ fleet of eleven PC-9 and four PC-12 aircraft.
Steve Wadey, Group Chief Executive Officer of QinetiQ said:
"In the current heightened threat environment, the award of the Aerial Training Services contract demonstrates QinetiQ's commitment to ensuring the German Armed Forces are always operationally ready for their missions. The contract will form a crucial part of our Global Threat Representation offering across all domains. We are very proud of our highly skilled employees who will deliver thousands of flight hours of training per year for our customer."
Notes
About QinetiQ's Threat Representation offering
QinetiQ is a world-leading provider of multi-domain threat representation services, leveraging decades of global expertise, it delivers realistic emulations of threats across multiple domains that support customers' training missions. Highly adaptable and tailored to meet customer training objectives, its integrated crewed, uncrewed and virtual threat representation services provide realistic, complex and scalable threat scenarios. QinetiQ's continued investment in technological innovation enables the co-development and refinement of new world-leading target systems and services, to ensure its customers stay ahead of emerging threats.
About QinetiQ
QinetiQ is an integrated global defence and security company focused on mission-led innovation. QinetiQ employs circa 8,500 highly-skilled people, committed to creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they meet operational needs; and enabling customers to deploy new and enhanced capabilities with the assurance they will deliver the performance required.
Visit our website www.QinetiQ.com. Follow us on LinkedIn and Twitter @QinetiQ.
For further information please contact:
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Stephen Lamacraft, Interim Investor Relations Director |
+44 (0) 7471 885817
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Stephanie Mann, Group Head of Media (Media enquiries): |
+44 (0) 7927 092038
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[1] JTAC - Joint Terminal Attack Controller is the term used for a qualified service member who directs the action of combat aircraft engaged in close air support and other offensive air operations from a forward position.
[2] Red Air - training against aircraft replicating the tactics, techniques and procedures of potential adversaries.
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