QinetiQ Group plc QinetiQ announces GBP259 million renewal of MSCA (3821V)
05 Abril 2023 - 1:00AM
UK Regulatory
TIDMQQ.
RNS Number : 3821V
QinetiQ Group plc
05 April 2023
News release
QinetiQ Group plc
QinetiQ announces GBP259 million renewal of Maritime Strategic
Capability Arrangement
5(th) April 2023 - QinetiQ Group plc ("QinetiQ") today announces
the renewal of the Maritime Strategic Capability Arrangement (MSCA)
with the Submarine Delivery Agency for a further ten years,
ensuring a seamless transition from the previous 15-year agreement.
The GBP259 million contract also includes an option for an
additional five-year extension.
The MSCA delivers critical sovereign capabilities that
contribute to the assurance of the UK's ability to design, build
and safely operate the Royal Navy's surface and subsurface fleet,
including the UK's continuous at sea deterrent. The capabilities
provided include independent design, test, evaluation and assurance
services covering Hydromechanics, Stealth and Signatures,
Structures and Maritime Life Support.
The renewal of the MSCA will secure vital sovereign skills and
also provides a framework which allows QinetiQ to leverage these
skills and capabilities. This will help to ensure the UK retains
the ability to work as a strategic partner to its allies.
Drawing on world-leading experts, facilities and technology
delivered from sites at Haslar in Gosport, Rosyth, Chichester and
Farnborough, the renewed contract will provide longevity and
consistency, not only for the maritime capability of the Royal
Navy, but in ensuring sustained employment in these areas for the
next ten years. The enhanced programme of work will also enable
greater engagement with the broader maritime enterprise including
academia.
Nic Anderson, Chief Executive of UK Defence, QinetiQ, said:
"The award of the MSCA contract demonstrates the ongoing
commitment of the Ministry of Defence and the Submarine Delivery
Agency in working with QinetiQ to deliver and assure critical
maritime capability to the UK. We are extremely proud of our highly
skilled and dedicated employees who continue to deliver the MSCA in
support of the Royal Navy, helping to ensure national security and
vital maritime trade.
The renewal of the MSCA will sustain key skills at our sites and
will also reinvigorate our relationships with education and
academia, supporting STEM programmes to attract the next generation
of naval architects, engineers and other vital roles."
SDA CEO, Sir Chris Gardner, said:
"To continue our strategic relationship with QinetiQ and secure
the essential MSCA capabilities for another 10 years is an
important achievement for the Submarine Delivery Agency, and good
news for the submarine programme and the Royal Navy".
The Royal Navy's Director Submarines, RAdm Simon Asquith,
said:
"The MSCA is an essential cornerstone of some critical aspects
of Royal Navy capability. These capabilities will help to ensure
that the UK can continue to design, build, and operate world
beating submarines, both now and into the future."
About QinetiQ
QinetiQ (QQ.L) is a leading science and engineering company
operating primarily in the defence and security markets. We work in
partnership with our customers to solve real world problems through
innovative solutions delivering operational and competitive
advantage. Visit our website www.QinetiQ.com . Follow us on
LinkedIn and Twitter @QinetiQ. Visit our blog www.QinetiQ-blogs.com
.
For further information please contact :
John Haworth, Group Director of Investor Relations: +44 (0) 7920 545841
Lindsay Walls, Group Director Communications
(Media enquiries) +44 (0) 7793 427582
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