Difference between revisions of "Qinetiq"

Revision as of 11:35, 5 September 2010

QinetiQ is the "controversially" (Guardian) privatised British defence and security technology company. According to The Guardian:

QinetiQ, part of what was the formerly state-owned Defence Evaluation and Research Agency, was floated earlier this year, making tens of millions of pounds for chairman Sir John Chisholm and chief executive Graham Love.

The government had already sold 31% of the company to US venture capital company Carlyle for £42m. Carlyle later sold part of that stake for £160m.

Qinetiq runs the British Government's secret military laboratories and was set up by the MOD to work with the Carlyle Group to run DERA, the British Government's "Defence Evaluation and Research Agency".^[1]