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QinetiQ

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QinetiQ
NameQinetiQ
TypePublic
Traded asLSE:QQ.
IndustryAerospace and defence
Founded2001
HeadquartersFarnborough, Hampshire
Key peopleSteve Wadey, Royal Aeronautical Society Fellow

QinetiQ is a British multinational aerospace and defence company, formed from the privatisation of the Defence Evaluation and Research Agency (DERA) in 2001, with Carlyle Group as a major shareholder, alongside BAE Systems and the Ministry of Defence. The company has worked with various organisations, including NASA, European Space Agency, Lockheed Martin, and Boeing. QinetiQ has also collaborated with University of Oxford, University of Cambridge, and Imperial College London on various projects, such as the development of autonomous underwater vehicles with Bluefin Robotics and SeeByte.

History

QinetiQ was formed in 2001, following the privatisation of the Defence Evaluation and Research Agency (DERA), which was previously part of the Ministry of Defence. The company's early years were marked by significant investment from Carlyle Group, a major private equity firm, and BAE Systems, a leading defence company. QinetiQ has since worked on various projects, including the development of Taranis, a stealth unmanned aerial vehicle (UAV) with BAE Systems, Rolls-Royce, and GE Aviation. The company has also collaborated with Thales Group, Northrop Grumman, and Raytheon Technologies on various defence projects, such as the development of advanced materials with Drexel University and University of California, Los Angeles.

Products and Services

QinetiQ offers a range of products and services, including aerospace engineering, defence consulting, and cybersecurity solutions, working with companies like IBM, Microsoft, and Cisco Systems. The company has developed various unmanned aerial vehicles (UAVs), such as the Watchkeeper WK450, and has collaborated with Elbit Systems and Thales Group on the development of tactical UAVs. QinetiQ has also worked on the development of autonomous underwater vehicles with Bluefin Robotics and SeeByte, and has provided training and simulation services to organisations like the Royal Navy, US Navy, and Royal Air Force.

Operations

QinetiQ operates in various countries, including the United Kingdom, United States, Canada, and Australia, with a significant presence in Farnborough, Hampshire and Bristol. The company has worked with various government agencies, including the Ministry of Defence, US Department of Defense, and Canadian Armed Forces. QinetiQ has also collaborated with private sector companies, such as Lockheed Martin, Boeing, and Northrop Grumman, on various projects, including the development of advanced materials with Drexel University and University of California, Los Angeles. The company has provided test and evaluation services to organisations like the European Space Agency, NASA, and US Air Force.

Research and Development

QinetiQ invests heavily in research and development, working with various organisations, including University of Oxford, University of Cambridge, and Imperial College London. The company has developed various emerging technologies, such as artificial intelligence, machine learning, and cybersecurity solutions, collaborating with companies like IBM, Microsoft, and Cisco Systems. QinetiQ has also worked on the development of advanced materials with Drexel University and University of California, Los Angeles, and has provided research and development services to organisations like the European Space Agency, NASA, and US Department of Defense. The company has collaborated with Thales Group, Northrop Grumman, and Raytheon Technologies on various defence projects, including the development of stealth unmanned aerial vehicles (UAVs) with BAE Systems and Rolls-Royce.

Controversies

QinetiQ has been involved in various controversies, including criticism over its role in the development of drone technology, with organisations like Amnesty International and Human Rights Watch raising concerns about the use of unmanned aerial vehicles (UAVs) in military operations. The company has also faced criticism over its involvement in the Iraq War, with some organisations, like Stop the War Coalition, accusing QinetiQ of profiting from the conflict. QinetiQ has also been criticised for its tax avoidance practices, with some organisations, like Tax Justice Network, accusing the company of using tax havens to avoid paying taxes. The company has responded to these criticisms, stating that it operates in accordance with all relevant laws and regulations, including those related to taxation and human rights, and has collaborated with organisations like United Nations and International Committee of the Red Cross to ensure that its activities are aligned with international humanitarian law.

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