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QinetiQ agrees to sell US business to Serco for $292 million

By Public Technologies
  • QinetiQ agreed to sell its US business, QinetiQ Inc., to Serco for $292 million in cash.
  • Serco will acquire the entire issued share capital on a cash-free, debt-free basis, subject to customary completion adjustments.
  • The sale concludes a strategic review launched in May 2026, refocusing resources on UK, European NATO and key allied defence markets.
  • Following completion, £200 million of proceeds will fund additional share buybacks, adding £100 million annually in FY28 and FY29.
  • The remaining proceeds will strengthen the balance sheet to support increased investment in organic growth.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. QinetiQ Group plc published the original content used to generate this news brief on November 11, 2026, and is solely responsible for the information contained therein.

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