From 1 April 1995, the
Defence Evaluation & Research Agency (DERA) assumed the responsibilities
of its predecessor the Defence Research Agency (DRA). DERA changed its
title to QinetiQ on 2 July 2001.
The name QinetiQ has been derived from the scientific term, kinetic
(phonetic: ki'ne tik), which means 'relating to or caused by motion'.
This in turn comes from the Greek, kinetikos based on 'kineo' which
means 'to move'.
Following the 2001 restructuring, certain functions of DERA,
encompassing the majority of the organisation's capabilities for defence
and security and amounting to approximately three quarters of DERA, were
formed into QinetiQ Limited, an entity which is a wholly-owned
subsidiary of QinetiQ Group plc. In February 2006 QinetiQ was listed on
the London Stock Exchange with a market capitalisation of £1.3 billion.
A quarter of QinetiQ has been retained within the MoD as the Defence
Science and Technology Laboratory (DSTL) to manage the research
programme and the International Research Collaboration, along with other
sensitive areas such as CBD (Chemical & Biological Defence), Porton
The Group employs over 14,000 people of which some 6,400 are in North
America, and operates over 40 UK sites with major technology facilities
at Farnborough, Boscombe Down and Malvern.
Since 2004, QinetiQ has acquired 13 companies in North America including
five during FY 2008-2009 and the company is expanding into Australia.
QinetiQs global revenue was £1,366 million in the year to 31 March 2008
with a similar figure expected for FY 2009. The US business now accounts
for over 45% of Group sales.
About 60% of the groups UK employees are graduates and more than 700
hold PhDs. More than half of the employees in the UK are focussed on
research, invention, development and application of new technology.
There are strategic partnerships with 13 UK universities, and 30 QinetiQ
staff have visiting professorships.
QinetiQ is organised into six major operational divisions:
Integrated Services (formerly Complex Managed Services)
Test and evaluation
Public sector strategic partnering,
infrastructure rationalisation and operation
Integrated acquisition support
Asset management (e.g. logistics,
calibration, technology upgrade, obsolescence management and
Sensors & Electronics
Future Systems and
Key focus on homeland security and
Major customers include US Department of
Defence, Department of Homeland Security and DARPA (Defence Advanced
Research Projects Agency)
There is another
operational element in Australia