Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Airport, Border and Port Safety and Security
Left Nav Sep
Bioterrorism
Left Nav Sep
Civil Aircraft
Left Nav Sep
Civil Airlines, Airports and Services
Left Nav Sep
Communications and Navigation
Left Nav Sep
Education, Training and Professional Services
Left Nav Sep
Manufacturing and Materials
Left Nav Sep
Military and Defence Facilities
Left Nav Sep
Military Aviation
Left Nav Sep
Military Vehicles
Left Nav Sep
Naval Systems
Left Nav Sep
Personal Equipment
Left Nav Sep
Software and IT Services
Left Nav Sep
Space and Satellite
Left Nav Sep
Weapons, Ammunition and Explosives
Left Nav Sep
View All
Other Carouselweb publications
Carousel Web
Defense File Logo
New Material Logo
Pro Health Service Zone
Pro Manufacturing Zone
Prosecurity Zone
Web Lec Logo
Pro Engineering Zone
 
 
 
News

UK MOD Sale of the Ministry of Defence's shareholding in Qinetiq


Strict Standards: Only variables should be passed by reference in /home/defensef/public_html/components/com_zone/handleHTML.php on line 623
UK MoD
: 10 September, 2008  (New Product)
The Ministry of Defence (MOD) announced today the sale of its remaining ordinary shares in QinetiQ Group plc at a price of 206 pence per share.
Minister for Defence Equipment and Support Baroness Taylor said:

'I am pleased to announce that with this sale of shares in QinetiQ we have completed the final stage of its privatisation.

Ten years ago our in-house defence laboratories faced a difficult and uncertain future. The privatisation of QinetiQ transformed it into a successful British-based company employing around 13,000 people, and raised 830m for the taxpayer.

QinetiQ and its staff can be rightly proud of what the company has achieved since it was created in 2001. They remain a very important supplier to the MOD and we wish them every success.

Although we no longer have a financial stake in QinetiQ, we will retain a special share in the company to protect the UK's defence and security interests.'
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 DefenseFile.com
Netgains Logo