QinetiQ Strikes Optimistic Tone, Posts Record Order Backlog

Dow Jones

Jul 17, 2025

By Cristina Gallardo

QinetiQ posted a record order backlog, and said a recently published U.K. government defense strategy as well as new targets set by the North Atlantic Treaty Organization $(NATO.UK)$ boost its confidence in long-term growth.

The British defense group said Thursday that it closed its first quarter, ended on June 30, with a record order backlog of 5 billion pounds ($6.71 billion), up from the 2.845 billion pounds as of March 31.

"The ambition to accelerate warfighting readiness set out in the U.K.'s Strategic Defence Review and the recent NATO summit clearly underpin the ongoing relevance of our mission essential capabilities," Chief Executive Steve Wadey said.

The company said its performance is in line with expectations, and reiterated its fiscal 2026 guidance for 3% organic revenue growth, and earnings per share growth between 15% and 20%.

Write to Cristina Gallardo at cristina.gallardo@wsj.com

(END) Dow Jones Newswires

July 17, 2025 02:55 ET (06:55 GMT)

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