QinetiQ Group PLC Proposed Acquisition of Avantus Federal LLC for Delivering our Global Strategy Call Transcript

Aug 08, 2022 / 07:00AM GMT
John Haworth - QinetiQ Group plc - Group Head of IR

Good morning, and welcome to our presentation where we will explain our acquisition of Avantus Federal in the U.S. that we announced on Friday evening. I'm John Haworth, Group Director of Investor Relations at QinetiQ. I'm joined by Steve Wadey, our CEO; Carol Borg, our CFO; and Shawn Purvis, President and CEO of our U.S. business. Steve, Carol and Shawn will run through the presentation, after which there will be an opportunity for you to ask questions. (Operator Instructions) Steve, over to you.

Steve Wadey - QinetiQ Group plc - Group CEO & Executive Director

Great. Thank you, John, and good morning, everybody, and welcome to our Webex this morning. I'm absolutely delighted to share with you that we've entered into an agreement to acquire Avantus in the U.S.

The conflict in Ukraine has reinforced the vital importance of a technologically advanced defense and security industry, especially in precision effects that we see on the TV, but also in the rapidly growing domains of cyber and information

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