Completion

RNS Number : 1644U

QinetiQ Group plc

11 October 2010

 



QinetiQ completes the sale of US Services' access control and security operations business

QinetiQ Group plc announces today that on 8 October 2010 it completed the disposal of S&IS - a non-core security operations and access control business within QinetiQ's US Services operation - to ManTech International Corporation. 

The total consideration was $60 million, payable in cash, which will generate approximately $40 million of net proceeds after tax. 

For more details on this transaction refer to: QinetiQ RNS Number 6096T (30 September 2010). 

ENDS

Contacts

Investor relations         Nicola Marsden, QinetiQ                     [phone]

Media relations            David Bishop, QinetiQ                        [phone]

                                    Liz Morley, Maitland                             [phone]

 

END

 

 

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