UK's QinetiQ is eyeing acquisitions in US defence market

May 28 2008 | 0 comment(s)

The US market for homeland security technologies never seems out of favour. QinetiQ, a spinout of the UK government and now a defence contractor funded in part by Carlyle Group, said today "it was eyeing more acquisitions in the US after seeing a surge in demand for a bomb disposal robot used by the US military in Iraq and Afghanistan," according to The Times. (The UK Government still owns a 19% stake in Qinetiq)

It's not hard to see why, after QinetiQ's revenues in the US are up by nearly 18 per cent in the year to March 31 after they've made five investments there last year alone. Almost forty percent of their revenue already comes from the US. The CEO of QinetiQ, Mr. Love, said "Total revenues rose 19 per cent to £1.37 billion, with nearly £550 million...the group's aim was to generate half its sales from the other side of the Atlantic."

subscribe in a reader

Leave a Comment

August 2008 - 2 article(s) | show

July 2008 - 18 article(s) | show

June 2008 - 21 article(s) | show

May 2008 - 20 article(s) | show

April 2008 - 12 article(s) | show

March 2008 - 7 article(s) | show

February 2008 - 8 article(s) | show

January 2008 - 9 article(s) | show

December 2007 - 1 article(s) | show

November 2007 - 8 article(s) | show

October 2007 - 11 article(s) | show

September 2007 - 6 article(s) | show

VCs are Hungry for Security Startups: $73million in July (deals roundup: july '08)	July 31 2008
Energyville: new educational online game about impact of energy on security in your virtual city	July 29 2008
The Economy Hits Venture Capital: Latest trends show no growth	July 28 2008
Imperial College London sets up new "Institute for Security Science & Technology"	July 25 2008
Another GSC Finalist Raises New Round - $16m - Bringing Total of GSC Alumni to over $35 million	July 23 2008
10 Days Left to Submit Your Security Ideas for Chance to Win $20,000 Dollar	July 21 2008
New Director of UK's Intelligence Agency - GCHQ - Appointed	July 21 2008
Farnborough Air Show in UK: new technologies and faces at BAE Systems	July 18 2008
Swiss Biometric Start-Up & Siemens Join Forces in Battle Against Online Banking Fraud	July 16 2008
Traditional defense giant Raytheon focuses on security technologies	July 15 2008
Leaders from UK Home Office, US Pentagon and UK Ministry of Defence to Debate at GSC Grand Final	July 14 2008
New Security Challenges in the IT Sector. What Can Europe Do? (by Moritz Schneider)	July 11 2008
New Security Technology: projecting a silent microwave scream inside your head	July 9 2008
Exlusive Interview with Sponsor of the $10,000 Crowded Places Idea Award	July 7 2008
UK's Ministry of Defence: Looking to Cash Out of QinetiQ Stake	July 4 2008
Global Warming as Security Issue: US National Intelligence Council Report	July 3 2008
Next Generation of CCTV - Hearing is Believing	July 2 2008
VCs are Hungry for Security Startups (deals roundup: june 08)	July 1 2008

Asia's New Navy Fleets: flexing the muscles just to protect from terrorists?	June 30 2008
More on meta-materials - acoustics cloaking for sonic proof room and stealth vessels	June 27 2008
New Security Association in the UK: SITC	June 26 2008
2012 Olympics Budget to Rise Above £10 billion Due to Security Requirements	June 25 2008
3 New Things in France's Defence & Security: coordinator, money and NATO reintegration	June 24 2008
New Materials for Better Antennas...the invisible type	June 23 2008
GSC in Bloggerland - blogs about our international security startup competition	June 20 2008
Corporate VC Funds - alternate financing route for security startups	June 19 2008
Crowded Places are a Focal Point for UK National Counter Terrorism Strategy	June 18 2008
Mr. Chertoff, Tear Down That Wall! - more innovative technologies needed for US borders	June 17 2008
$10,000 Dollar for Best Security Idea: Submission Deadline Extended to July 31st	June 16 2008
A "Cyber Force" as 4th Military Domain in the UK next to Navy, Air and Land?	June 13 2008
A VC's View on Why Startups Fail	June 12 2008
Seaglider Research Starts its Commercial Launch with iRobot	June 11 2008
4 Myths about Starting Up Your Own Business	June 10 2008
New X-Ray Technologies for Air-Cargo Security	June 9 2008
Germany About to Enact Tougher Surveillance Tools for Police	June 6 2008
Next Generation of Radio Technology Needed	June 5 2008
How to Pitch to a VC? Part II on Communications	June 4 2008
Dual-Technology to Broaden Your Technology's Commercial Appeal	June 3 2008
Booz Allen Hamilton Supports Security Innovators as American Partner of GSC 2008	June 2 2008

MOD's Outreach and Support Component Kicks Off	May 30 2008
Exclusive Interview with a UK Security VC - how to raise funds for your startup?	May 29 2008
UK's QinetiQ is eyeing acquisitions in US defence market	May 28 2008
VCs are Hungry for Security Startups (deals roundup / may 08)	May 27 2008
I'm your Angel - Tips of Dealing with Angel Investors	May 23 2008
Siemens VC to Mentor Winner of the GSC Ideas Award	May 22 2008
Straight from the Under Secretary's Mouth: $$$ for security innovation	May 21 2008
Carlyle Back on Form: $2.5 billion defense private equity deal	May 20 2008
Part II: Exclusive Interview with Winner of GSC 2007 - How to win $500K in the Global Security Challenge?	May 19 2008
Exclusive Interview with Winner of GSC 2007 - How to win $500K in the Global Security Challenge?	May 16 2008
Placebo Effect in Security Solutions?	May 15 2008
GSC Guides UK's New Enterprise Framework	May 14 2008
National University of Singapore hosts Asian Semi-Final of GSC	May 13 2008
Startup Competitions Pay-Off	May 12 2008
New Crowded-Places Award Launched Today - Win $10,000 for Your Idea	May 8 2008
London's CCTV Needs Facelift	May 7 2008
Instead of VC - Alternate Ways to Finance your Startup	May 6 2008
How to Pitch to a VC?	May 5 2008
Hyper-Competition Has no Place for Prejudice	May 2 2008
How to Contract with the Pentagon the Wrong Way	May 1 2008

Terminator Come True: Rise of the Machines	April 30 2008
Silent Cyber Security Initiative: the new "Manhattan Project"?	April 29 2008
VCs Are Hungry for Security Startups	April 29 2008
Competition Dying in Defence Industry?	April 28 2008
Interpol Afraid of Olympics Attack - Surprise?	April 25 2008
People are the Biggest Unknown for Security Leaders	April 24 2008
Signs of Acceptance of a Globalized Defence Policy?	April 22 2008
Turning People into Tools for the War on Terror	April 21 2008
Global Security Challenge Competition 2008 Opened for Entrants Today!	April 15 2008
Controversy about UK's Holding Period for Terrorist Suspects - Why not use technology to enhance police capabilities?	April 14 2008
Some government backed innovation still misunderstood	April 9 2008
German Government Provides €29 Million in Funding for Explosive Research	April 6 2008

The DHS Inspector General Takes a Look at Airport Security	March 31 2008
Standoff Detection - what are the benchmarks for such technologies?	March 24 2008
Exit Opportunities for Security Startups Look Bright	March 17 2008
UMD is named American Partner University of the Global Security Challenge 2008	March 12 2008
Global Security Challenge's finalists raise over $19 million in new capital	March 10 2008
IARPA... Open for Business	March 5 2008
German spy software gets a limited "Go"	March 3 2008

	August 5 2008
GSC open-ed article in Biometric Technology Today: "Taking Innovation to Market"	August 4 2008

Rail Security - the Slow Metamorphosis of Trains into Airliners	February 27 2008
A Look at Defence Investing: Funding from Asia	February 25 2008
Web 2.0 - New Terrorist Threats or Security Opportunities?	February 20 2008
More Statistics about Funding Security and Defence Startups	February 19 2008
Cyber Defence - warfare of the future?	February 13 2008
The Balance of Military Spending in 2008	February 11 2008
The EU Counter-Terrorism Strategy: how is technology involved?	February 6 2008
Science and Innovation as a part of the UK's Counterterrorism Strategy	February 4 2008

EU View: "Technology alone cannot guarantee security, but security without technology is impossible"	January 30 2008
Office Expansion for start-ups: a look at the office market through Porter´s Five Forces	January 29 2008
Emerging Technology Outlook: 2nd generation biometrics	January 23 2008
About the UK's Counter-Terrorism Strategy	January 21 2008
An Innovative Way of Funding Startups: Israel's Chief Scientist	January 16 2008
NaCTSO's November 2007 Statistics on Business CT Needs	January 14 2008
Help for (security) SMEs by European Commission	January 9 2008
GSC Conference Trailer (2007)	January 7 2008
GSC in the News Roundup	January 6 2008

Next Generation Night-Vision Technology Wins the Global Security Challenge 2007	November 12 2007
TSWG of US Government sponsors $500K grant for winner of Global Security Challenge 2007	November 7 2007
GSC Keynote Speaker: Honorable Lee Buchanan	November 6 2007
Profiles of the Top-5 Startups. Today: XID-Technology	November 5 2007
Profiles of the Top-5 Startups. Today: Psylock	November 4 2007
Profiles of the Top-5 Startups. Today: NoblePeak Vision	November 3 2007
Profiles of the Top-5 Startups. Today: EyeMarker Systems	November 2 2007
Profiles of the Top-5 Startups. Today: Auxetix	November 1 2007

GSC announces the 5 most promising security start-ups in the world	October 29 2007
Comments about the GSC from MOD, Siemens and startups	October 24 2007
What happened to last year's winner of the Global Security Challenge?	October 22 2007
An article from the GSC Team about closing security gaps	October 18 2007
How to Write a Business Plan? Tips from London Business School	October 17 2007
New IT-Security Partner: Microsoft	October 15 2007
...unearthing security technologies of tomorrow (London - Nov 8)	October 12 2007
Top 15 security startups worldwide	October 10 2007
Human Factor at Heart of European Commission's Security Research	October 9 2007
Tough selection process for GSC Judges	October 8 2007
Successful GSC event in Munich	October 3 2007

Challenges remain for security/defense startups despite sector growth	September 27 2007
Ex-President of BND to speak at GSC in Munich	September 26 2007
DHS' Research Philosophy	September 25 2007
Munich Semi-Final on October 2nd	September 24 2007
Selection of Top-5 European Security Startups	September 23 2007
The GSC joins the blogger community!	September 21 2007

Global Security Challenge

UK's QinetiQ is eyeing acquisitions in US defence market

Previous articles