QinetiQ beats expectations and reinstates dividend

Defence contractor QinetiQ (QQ.) has proved relatively resilient in the face of Covid-19. While the pandemic has hit its smaller global products business – which has shorter order cycles – the group has still managed to grow its revenue in the six months to 30 September. For the full year, it is guiding to “high single digit” revenue growth compared with the £1.07bn it recorded last year and believes the total will come in “modestly ahead” of analyst expectations of £1.13bn.