QinetiQ navigates ahead in challenging markets

Defence technology firm QinetiQ said it expects to meet full year forecasts but cautioned that conditions in UK and US defence markets remain challenging as deficit reduction programmes make future demand levels difficult to predict.

Defence technology firm QinetiQ said it expects to meet full year forecasts but cautioned that conditions in UK and US defence markets remain challenging as deficit reduction programmes make future demand levels difficult to predict.

"However, absent any material change in customer requirements, the group's performance for the current year will at least meet the expectations set out at the interim results on 23 November 2011," the group said in a company statement.

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