By Christian Moess Laursen
QinetiQ said it expects to grow its revenue to $3 billion in fiscal 2027 as it plans to capitalize on the growing defense budgets globally.
The defense-technology company said Wednesday that it plans to grow its organic revenue to $2.4 billion, with the possibility of pursuing acquisitions to boost revenue to $3 billion, by the fiscal year that ends in March 2027.
The growth plan also entails 11%-12% underlying operating margin and return on capital employed at the upper end of a 15%-20% range, it said.
“Defense budgets are increasing around the world and we expect to continue delivering growth outpacing those budgets, driven by our structural alignment to high priority market segments that are increasing at faster rates,” the company said.
QinetiQ said it has a clear, robust capital allocation policy and is expecting to maintain a prudent balance sheet, adding it also expects to see cash flow yields improve over the next few years.
Write to Christian Moess Laursen at [email protected]
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