QinetiQ Group Plc reaffirmed earnings guidance for the fiscal year 2013. Overall, the group's performance during the third quarter was as expected and the outlook for the year is unchanged from that set out in the half-year results announced in November 2012. The outlook for the year is unchanged from that set out in the half-year results on 21 November 2012. As previously indicated, visibility remains much lower than usual, particularly in the US. Despite this uncertainty, with the benefit of the strong first half performance the Board believes the Group as a whole will perform in line with its expectations for the year, absent any material change in customer requirements.

QinetiQ Group Plc and the UK Ministry of Defence (MOD) have successfully completed the regular five-yearly review of the existing Long Term Partnering Agreement (LTPA) and agreed terms for the provision of test and evaluation (T&E) and training support services through to March 2018. QinetiQ is ten years through the 25-year LTPA contract which is reviewed every five years. As a result of cost savings and some minor changes in scope, MOD will pay £998 million across the third five-year term of this contract. Under the LTPA, QinetiQ manages 17 core MOD-owned sites and is responsible for providing T&E and training support services; maintaining associated equipment, land and buildings; as well as delivering an investment programme to ensure that the capability is maintained and developed to meet the MOD's evolving needs.

QinetiQ Group Plc announced unaudited consolidated earnings results for the six months ended September 30, 2012. For the period, the company reported net debt of £21.5 million against £145.3 million a year ago. Revenue was £685.5 million against £739.6 million a year ago. Underlying operating profit was £95.3 million against £81.9 million a year ago. Underlying profit before tax was £85.8 million against £71.2 million a year ago. EBITDA was £110.7 million against £103.3 million a year ago. Group operating profit was £87.8 million against £79.0 million a year ago. Profit for the year attributable to equity shareholder was £64.5 million or 9.8 pence per diluted share against £61.2 million or 9.2 pence per basic and diluted share a year ago. Underlying profit for the year attributable to equity shareholder was £68.4 million or 10.4 pence per diluted share against £57.3 million or 8.6 pence per basic and diluted share a year ago Purchases of intangible assets were £0.2 million against £0.3 million a year ago. Purchases of property, plant and equipment were £10.8 million against £8.3 million a year ago. Net cash inflow from operating activities was £143.7 against £126.6 million a year ago. Group operating profit was £87.8 million against £79.0 million a year ago. Profit before tax was £80.0 million against £73.3 million a year ago. Cash conversion post-CapEx was again strong at 101%, generating GBP 95 million of net cash from operations, excluding the receipt of GBP 65 million from the MOD for prior-year rationalization costs. The directors proposed an interim dividend of 1.1 pence against 0.9 pence interim dividend for the fiscal year 2012. The dividend will be paid on February 15, 2013. The ex-dividend date is January 16, 2013 and the record date is January 18, 2013.