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QinetiQ’s big-picture thinking with Avantus in the fold
Technology

QinetiQ’s big-picture thinking with Avantus in the fold

QinetiQ Group was born in 2001 out of what was then the U.K's equivalent to the U.S. Defense Advanced Research Projects Agency and remains a British defense technology company.But the U.S. market represents QinetiQ's largest growth opportunity both in the words of its own chief executive and as shown by the plan announced Friday to acquire Avantus Federal for approximately $590 million, a figure that includes $70 million in tax benefits.During a call with investors Monday morning, QinetiQ CEO Steve Wadey said the company believes it is "creating a business in the U.S. with a very similar capability and risk profile to the business we managed successfully in the U.K.""This coherence also provides further opportunity for global leverage in support of the trilateral (AUKUS) partnership be...