US elections delay Qinetiq contracts

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The Independent Online

The technology company Qinetiq, which used to be the Government's military gadget-maker, yesterday warned contracts are being delayed in the US because of this year's presidential elections.

Its chief executive, Leo Quinn, said that "uncertainty is expected to continue" until the elections are over in November.

Qinetiq, which makes bomb disposal robots, posted a 3 per cent rise in underlying, full-year, pre-tax profits to £118m, helped by its UK services business which carries out training and cyber-security.

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