Qinetiq's (LONDON:QQ) pre-close statement highlighted that trading remains solid with order cover as expected in EMEA Services and performance stabilised within Global Products. With the Strategic Defence and Security Review (SDSR) and single source contract consultations underway, some decision deferrals continue as expected. However, QinetiQ is less likely to be significantly affected by individual programme decisions than product peers due to its broad service offering. With interims due on 19 November, we maintain our FY16 forecasts and 248p fair value.
To Read the Entire Report Please Click on the pdf File Below.