Bloomberg News

QinetiQ Plans to Enter First-Ever Joint Ventures, Telegraph Says

May 20, 2012

QinetiQ Group Plc (QQ/) is planning joint ventures for the first time to develop simulation and training projects and a fiber-optic cable product called OptaSense, the Sunday Telegraph reported, without saying where it got the information.

QinetiQ’s Chief Executive Officer Leo Quinn is seeking to split the company’s business into three units, according to the newspaper. The core division will focus on defense and aerospace technologies, such as remote bomb-disposal devices, while the other two will carry out more experimental research, the Telegraph said.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net


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