QinetiQ on track for mid-single digit annual revenue growth

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Defence contractor QinetiQ Group said it was on track to deliver mid-single digit revenue growth this year after it made a 'good' start in the first quarter.

Revenue under contract was now 85%, up from 74% in April 2019.

'Overall, we are reiterating expectations for group performance in the 2020 financial year ... with revenue growth at stable margins delivering continued operating profit progression excluding non-recurring trading items,' the company said.