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Encyclopedia > QinetiQ

Coordinates: 51°16′43″N 0°47′33″W / 51.27861, -0.7925 Map of Earth showing lines of latitude (horizontally) and longitude (vertically), Eckert VI projection; large version (pdf, 1. ...

QinetiQ
Type Public (LSE: QQ.)
Founded 2001
Headquarters UK and North America. Head Office - Farnborough, Hampshire
Key people Sir John Chisholm, Chairman
Graham Love, CEO
Industry Security and Defence industry
Products Security and Defence
Revenue $1.45 billion (2004)
Employees 10,000 (2005)
Slogan "The Global Defence and Security Experts"
Website www.QinetiQ.com

QinetiQ (LSE: QQ.) (pronounced [kɪ.ˈnɛ.tɪk], as in kinetic energy) is a British defence technology company, formed from the greater part of the former government agency DERA when it was split up in June 2001 (with the smaller part becoming Dstl). The Chief Executive at inception was the present day Chairman Sir John Chisholm. The current CEO is Graham Love. As a privatised company, QinetiQ is now one of the largest defence research organisations in the world and employs over 11,400 people. The Source by Greyworld, in the new LSE building Paternoster Square. ... North America North America is a continent[1] in the Earths northern hemisphere and (chiefly) western hemisphere. ... Farnborough is a town in the Hampshire borough of Rushmoor in South East England. ... Sir John Chisholm (born August 1946) is the Executive Chairman and former Chief Executive of QinetiQ. He attended Cambridge University on a scholarship from General Motors. ... Graham Love, Chief Executive Officer QinetiQ Group plc, is a graduate of Cambridge University, and a chartered accountant. ... The AK-47 has been produced in greater numbers than any other assault rifle and has been used in conflicts all over the world. ... Look up revenue in Wiktionary, the free dictionary. ... This article is about work. ... Look up slogan in Wiktionary, the free dictionary. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The Source by Greyworld, in the new LSE building Paternoster Square. ... The cars of a roller coaster reach their maximum kinetic energy when at the bottom of their path. ... A defense contractor (sometimes called a military contractor) is a business organization or individual that provides products or services to a defense department of a government. ... The Defence Evaluation and Research Agency (normally known as DERA), was a part of the UK Ministry of Defence (MOD) until July 2, 2001. ... The Defence Science and Technology Laboratory (Dstl) is an Executive Agency of the UK Ministry of Defence (MOD). ... Chief Executive may refer to: Chief Executive of Hong Kong Chief Executive of Macau Chief Executive Officer This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Sir John Chisholm (born August 1946) is the Executive Chairman and former Chief Executive of QinetiQ. He attended Cambridge University on a scholarship from General Motors. ... Graham Love, Chief Executive Officer QinetiQ Group plc, is a graduate of Cambridge University, and a chartered accountant. ...

Contents

Mission

Dassault-Breguet/Dornier Alpha Jet of the UK defence technology organisation QinetiQ
Dassault-Breguet/Dornier Alpha Jet of the UK defence technology organisation QinetiQ

QinetiQ solves defence and security problems that involve science and technology. For example, it made the semi-intelligent ultrasound scuba diver detector called Cerberus. The defence research sites that now form QinetiQ were previously involved in the invention of liquid crystal displays, the technology for one type of flat panel speakers, microwave radar, Chobham armour, and thermal imagers. In recent years QinetiQ has also developed software products, especially those for the defence and security industries. Examples include the "SURVIVE" vulnerability and recoverability assessment tool, which was originally developed to assess the vulnerability of ships to weapon attack, but has been expanded to cover: naval recoverability (damage control, firefighting, capability restoration); escape and evacuation; explosive safety; and, in recent years, tri-service vulnerability (aircraft, vehicles) and infrastructure (buildings, fortifications, etc.). In so doing, it has become Europe's leading tri-service vulnerability assessment tool.[1] Image File history File links Download high-resolution version (2676x1952, 720 KB) Dornier Alpha jet (ZJ648) of the UK defence technology organisation QinetiQ at the Royal International Air Tattoo, RAF Fairford, Gloucestershire, England. ... Image File history File links Download high-resolution version (2676x1952, 720 KB) Dornier Alpha jet (ZJ648) of the UK defence technology organisation QinetiQ at the Royal International Air Tattoo, RAF Fairford, Gloucestershire, England. ... Alpha Jet owned by Red Bull The Alpha Jet is a light attack and advanced trainer aircraft manufactured by Dornier of Germany and Dassault-Breguet of France. ... A magnet levitating above a high-temperature superconductor demonstrates the Meissner effect. ... By the mid 20th century humans had achieved a mastery of technology sufficient to leave the surface of the Earth for the first time and explore space. ... For other uses, see Ultrasound (disambiguation). ... Early ideas of autonomous under-water systems appear in Twenty Thousand Leagues Under the Sea Scuba Diving is the use of independent breathing equipment to stay underwater for long periods for recreational diving and professional diving. ... Cerberus is a blue egg-shaped ultrasound device to detect submerged divers. ... LCD redirects here. ... For the Marty Friedman album, see Loudspeaker (album) An inexpensive low fidelity 3. ... For other uses, see Radar (disambiguation). ... Chobham armour is a composite armour developed in the 1960s at the British tank research centre on Chobham Common. ... Thermography can refer to a printing process and a imaging process. ... Computer software (or simply software) refers to one or more computer programs and data held in the storage of a computer for some purpose. ... For other uses, see Security (disambiguation). ...


QinetiQ has a long term agreement (25 years) with the UK Ministry of Defence (MoD) to manage military ranges. It is a major stakeholder in the UK Defence Technology Centre which places military research contracts on behalf of the MoD. The Ministry of Defence (MOD) is the United Kingdom government department responsible for implementation of government defence policy and is the headquarters of the British Armed Forces. ... Defence Technology Centres carry out military science research on behalf of the UK government. ...


Organisation

Since April 2005, the QinetiQ group has been split into three divisions:

  • Defence and Technology;
  • Security and Dual Use; and,
  • North America - see North American acquisitions listed below.

The major UK sites are at Farnborough, Hampshire (the historical Royal Aircraft Establishment) and Malvern, Worcestershire (the historical RSRE/RRE/TRE), each having more than 2,000 employees. Trials aircraft are flown out of Boscombe Down, Wiltshire (the historical A&AEE). The number of UK employees is believed to be around 9,000 (figures as of April 2005). Farnborough is a town in the Hampshire borough of Rushmoor in South East England. ... For other uses, see Hampshire (disambiguation). ... This article needs cleanup. ... Malvern is a town and civil parish in Worcestershire, England . ... The Royal Signals and Radar Establishment was a scientific research establishment within the Ministry of Defences Defence Procurement Agency of the United Kingdom, located primarily at Malvern in Worcestershire. ... This article needs cleanup. ... The Telecommunications Research Establishment (TRE) was established in Malvern, England in 1940 as the central research group for RAF applications of radar. ... Boscombe Down is a British Ministry of Defence site in Wiltshire, England, currently operated by QinetiQ as a station for trials aircraft. ... Wiltshire (abbreviated Wilts) is a large southern English county. ... The Aeroplane and Armament Experimental Establishment was a research facility for British military aviation from 1918 to 1992. ...


History

In 2001, when Defence Minister Lewis Moonie announced the creation of QinetiQ in 2001, he said that it would remain a British company based in the UK. The MoD would keep a 'Special Share' in the company, and safeguards would be in place to prevent conflicts of interest. In February 2003, the U.S. private equity firm the Carlyle Group acquired a 33.8% share in the company for £42m. Prior to stock market flotation, ownership was split between the MoD (56%), Carlyle Group (31%) and staff (13%). The Carlyle Group was expected to invest for three to five years, after which a stock exchange float would take place. The company has been dogged by controversy since the flotation.[2][3][4][5] Ennobled in 2005, Lord Moonie who handled the initial sale, said in 2006 that the government's 31 per cent stake in Qinetiq should not have been sold when equity markets were languishing in 2002. He said that he had argued for the sale to be delayed but was overruled by the Treasury who had convinced the Ministry of Defence to go ahead.[6] Lewis George Moonie (born 25 February 1947) is a politician in the United Kingdom. ... Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... The Carlyle Group is a Washington, D.C. based global private equity investment firm with more than $71. ... Lewis George Moonie (born 25 February 1947) is a politician in the United Kingdom. ... This articles deals with the British ministry, see defence minister for other countries. ...


Stock Exchange listing

QinetiQ was floated on the London Stock Exchange in February 2006. The company had been valued at between £1.1bn and £1.3bn, with the MoD holding estimated to be worth £616m - £728m, the Carlyle Group's holding £341m - £403m, and staff/management's holding worth £143m - £169m. Controversy was generated by the very large returns for the Carlyle Group and senior managers, with figures of over £20m suggested in the media for Sir John Chisholm. Financial press speculation concerning a stock exchange float increased in January 2006. On January 12 an announcement was made in parliament by Dr John Reid, Secretary of State for Defence. He said that the Carlyle Group, 'will continue to retain a significant stake in the company', and that the British government would continue to hold a 'Golden Share' in QinetiQ to protect the United Kingdom's security and defence interests. The Source by Greyworld, in the new LSE building Paternoster Square. ... The Carlyle Group is a Washington, D.C. based global private equity investment firm with more than $71. ... John Chisholm Sir John Chisholm, FREng (born August 1946) is the Executive Chairman and former Chief Executive of QinetiQ. He attended Cambridge University on a scholarship from General Motors. ... is the 12th day of the year in the Gregorian calendar. ... John Reid (born 8 May 1947) is a British politician who is Home Secretary and Member of Parliament for the Scottish constituency of Airdrie and Shotts. ... A Golden Share is a nominal share, held by a government organization, in a government company undergoing the process of privatization and transformation into a stock-company. ...


Controversy also arose around the fact that retail investors were to be excluded from the Initial Public Offering (IPO) due to QinetiQ's complexity and the fact that institutional investors would require less complicated marketing and financing. This led to contrasts with the 'Sid' campaign for British Gas plc in 1986, where retail investors were encouraged to buy shares, both with discounts and a large advertising campaign. The issue was partially resolved by allowing some brokerage firms to place orders in the IPO as part of a combined order, allowing the firm to purchase as though an institutional investor, but on behalf of clients. While this did not result in a public campaign or retail investor discounts, it did allow many investors to purchase shares directly in the IPO. “IPO” redirects here. ... This page is about the former gas monopoly in the United Kingdom for information about the successor companies please see Centrica, BG Group and Transco. ... Year 1986 (MCMLXXXVI) was a common year starting on Wednesday (link displays 1986 Gregorian calendar). ... A Stock broker sells or buys stock on behalf of a customer. ... An institutional investor is an investor who is an institution like a bank, insurance fund, retirement fund, or mutual fund manager. ...


The company floated on 10 February 2006, with an IPO of 200p per share, which gave QinetiQ an initial market value of £1.3bn. On 13 February 2006 (the Monday after the Friday IPO) QinetiQ shares closed at 219.5p per share, valuing the company at over £1.4bn. However, by late March 2006 QinetiQ shares dropped 15% from that peak (7% from the IPO price) to 186p each. is the 41st day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 44th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...


Speculation that a consortium including QinetiQ may be about to win a £10bn MoD training contract helped push their share price back above 190p in early Nov 2006. It was announced on 17 January 2007 that the QinetiQ-led Metrix consortium was the preferred bidder for package two of the MoD's Defence Training Rationalisation programme, worth approx £16bn. is the 17th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Metrix UK Ltd is a joint venture company between LandSecurities Trillium and QinetiQ, specifically set up to bid for the 2 main contracts under the UK Governments 2001 Defence Training Review (DTR) Rationalisation Programme. ...


Company developments

Acquisitions

In September 2004 QinetiQ acquired the U.S. defence companies Westar and Foster-Miller (maker of the Talon robot). To meet Wikipedias quality standards, this article or section may require cleanup. ... The Foster-Miller TALONâ„¢ robot is a remote control tracked vehicle used primarily by the U.S. Army for explosive ordinance disposal. ...


In 2004 QinetiQ acquired HVR Consulting Services Ltd. a leading UK based engineering consultancy. HVR Consulting Services Limited (HVR) is a wholly owned company of the QinetiQ group that has been operating independently for over 20 years to provide their clients with Business and Project Assurance. ...


In early August 2005 QinetiQ announced that it would acquire Apogen Technologies, Inc., pending regulatory approval. The QinetiQ website lists this merger as costing $288.0m (£162.7m).


In September 2005 QinetiQ acquired a 90% share of Verhaert Design and Development NV (VDD), the Belgian space systems integrator.


In October 2005 QinetiQ acquired Broadreach Networks Limited, a supplier of Wi-Fi internet to the European rail industry. Official Wi-Fi logo Wi-Fi (pronounced wye-fye, IPA: ) is a wireless technology brand owned by the Wi-Fi Alliance intended to improve the interoperability of wireless local area network products based on the IEEE 802. ...


In February 2006 QinetiQ acquired Graphics Research Corporation Ltd, developer of the Paramarine software suite of ship and submarine design tools.


In January 2007 QinetiQ acquired Analex, a US corporation providing high technology professional services and solutions, principally to the US Government and its agencies.


In February 2007 the acquisition of ITS Corporation, a provider of IT services to the US government and its agencies, was announced. The disposal of Aerospace Filtration Systems (formerly part of Westar) was announced at the same time.


Employment

QinetiQ is one of the UK's largest employers of science and engineering graduates - recruiting around 300 a year. Since 2002 it has appeared in the Times Top 100 Graduate Employers list. Employment is a contract between two parties, one being the employer and the other being the employee. ... A magnet levitating above a high-temperature superconductor demonstrates the Meissner effect. ... Engineering is the discipline of acquiring and applying knowledge of design, analysis, and/or construction of works for practical purposes. ... “Old girl” redirects here. ... The Times Top 100 Graduate Employers is a list and accompaning book published by The Times newspaper detailing the top employers for graduates in the United Kingdom. ...


In September 2005 Graham Love replaced Sir John Chisholm as Chief Executive. John Chisholm became Executive Chairman; the previous chairman Dame Pauline Neville-Jones having resigned earlier in the year. Graham Love, Chief Executive Officer QinetiQ Group plc, is a graduate of Cambridge University, and a chartered accountant. ... Sir John Chisholm (born August 1946) is the Executive Chairman and former Chief Executive of QinetiQ. He attended Cambridge University on a scholarship from General Motors. ... Dame Pauline Neville-Jones DCMG (born November 2, 1939) is a former BBC Governor and Chairman of the British Joint Intelligence Committee. ...


In October 2006, ex-CIA Director George Tenet joined QinetiQ as an independent non-executive director.[7] The CIA Seal The Central Intelligence Agency (CIA) is an American intelligence agency, responsible for obtaining and analyzing information about foreign governments, corporations, and individuals, and reporting such information to the various branches of the U.S. Government. ... George John Tenet (born January 5, 1953) was previously the Director of Central Intelligence for the United States Central Intelligence Agency and is Distinguished Professor in the Practice of Diplomacy at Georgetown University. ...


NAO Inquiry

In 2007, the National Audit Office conducted an inquiry into the privatisation of QinetiQ to determine whether UK taxpayers got good value for money from the sale. The NAO inquiry looked at the following issues: Categories: United Kingdom-related stubs ...

  • choice of privatisation strategy;
  • management of the process (the split of the Defence Evaluation and Research Agency into two, the sale to Carlyle and the flotation);
  • costs incurred and the proceeds achieved; and,
  • whether the deal met its objectives.[8]

In November 2007, the NAO reported that taxpayers could have gained "tens of millions" more and was criticaliof the incentive scheme given to QinetiQ managers, the 10 most senior of whom gained £107.5m on a total investment of £540,000 in the company's shares. The return of 19,990% on their investment was described as "excessive" by the NAO. The role of QinetiQ's management in negotiating terms with the Carlyle Group, while the private equity company was bidding for the business, was also criticised by the NAO. Carlyle bought a third of the business for £42m which grew in value to £372m in less than four years.[9] However, the Ministry of Defence defended the sale: The Carlyle Group is a Washington, D.C. based global private equity investment firm with more than $71. ... This articles deals with the British ministry, see defence minister for other countries. ...

"It has delivered excellent value for money, generating more than £800m for the taxpayer, while protecting UK defence and security interests," said Baroness Taylor, Minister for Defence Equipment and Support.

There will be a hearing by the Public Accounts Committee in December 2007. (Winifred) Ann Taylor, Baroness Taylor of Bolton, PC (born 2 July 1947) is a British politician, and was Labour Member of Parliament for Dewsbury until 2005. ... Public Accounts Committee refers to a committee in the legislature of one of the following countries: Public Accounts Committee (United Kingdom) of the British House of Commons Public Accounts Committee (Canada) (officially Standing Committee on Public Accounts, PACP) of the Canadian House of Commons Public Accounts Committee (Hong Kong) of...


References

  1. ^ "SURVIVE" vulnerability assessment tool
  2. ^ £1bn flotation 'will sell taxpayers short'
  3. ^ Investors cry foul over flotation
  4. ^ Arrogance has sunk this flotation to new depths
  5. ^ Reid defends QinetiQ's sale price
  6. ^ Former minister slams handling of the deal
  7. ^ Former CIA chief joins the board of QinetiQ
  8. ^ Inquiry by the National Audit Office
  9. ^ QinetiQ deal 'cost UK taxpayers'

See also

Mercator is a British made UAV that is currently being developed by QinetiQ. It is a type of eternal plane expected to be able to survive throught the whole dark and light cycle of the day. ... QinetiQ 1 is a balloon designed to set a new manned balloon world altitude record of around 40 km (25 miles, 132,000 feet). ... The RV Triton and a Lynx naval helicopter The RV Triton, is a trimaran vessel owned by the Gardline maritime survey company and a former prototype British warship demonstrator for the QinetiQ defence research company. ... A railgun is a form of gun that converts electrical energy (rather than the more conventional chemical energy from an explosive propellant) into projectile kinetic energy. ... X-43A with scramjet attached to the underside at Mach 7 A scramjet (supersonic combustion ramjet) is a variation of a ramjet with the key difference being that the flow in the combustor is supersonic. ... TopSat (Tactical Operational Satellite) is an earth observation satellite that was launched on October 27, 2005 by a Cosmos rocket from Plesetsk Cosmodrome in Russia. ... For other uses, see Zephyr. ...

External links

QinetiQ companies


  Results from FactBites:
 
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Wacky defense contractor QinetiQ (which also make 3D shoe sizers) continues to angle for a piece of that sweet military-industrial pie with the release of the Ocellus S100, a super sensitive GPS tracker.
U.K. defense and security firm QinetiQ -- you may remember them from such fun-filled gadgets as exploding ink and the Millimeter Wave see-it-all-o-vision -- have turned their attention to slightly more mundane endeavors, developing what is effectively a mouse-less mousepad.
While there's no word when it might actually be available, QinetiQ says it should be fairly inexpensive, as it relies on the same infrared diodes commonly used in television remotes, and we all know there's no shortages of those.
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