US market remains challenging for Qinetiq
Qinetiq’s US divisions are suffering from a reduced US defence budget, and the impact of sequestration remains uncertain, the company has stated.
As a result, Qinetiq is currently undergoing a strategic review of its US services division to determine how to optimise its value in the current conditions. The company’s management is further controlling its costs tightly so the division can maintain its competitiveness, according to a statement released on 27 September.
In addition, the global products division in the US continues to beimpacted by the US budget cuts and sequestration uncertainty in addition to the withdrawal of overseas US military
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