DEFENCE technology and security company QinetiQ is going from strength to strength, according to latest figures.
These show that the firm, which has a base in Malvern as part of its worldwide operation, had an underlying profit of £106m in the year ending March 31 2007 compared to £90.7m the year before and an overall revenue of £1,149.5m compared to £1,051.7m.
QinetiQ CEO Graham Love said: "I am delighted to report that QinetiQ performed strongly in the year, proving that our strategy remains effective, our business model robust and that we continue to execute well against both.
"Our selection as preferred bidder for the Defence Training Rationalisation programme shows that we have successfully repositioned ourselves in the UK defence market, with a track record of delivering technology-rich support services and supplying technology into major programmes.
"We believe we are well positioned as an innovative, technology-based, company to perform strongly in future years."
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