QinetiQ is one of the companies that resulted from the privatization of the Defense Evaluation and Research Agency (DERA), a British government agency. The other company to come out of DERA’s liquidation was the Defense Science and Technology Laboratory (Dstl). However, Dstl remains part of the government. QinetiQ was officially incorporated in 2001 and began operations as an engineering company. The company pursued an aggressive expansion plan globally through acquisitions. In 2004, QinetiQ acquired Foster-Miller and Westar Corporation through which it gained access to the US defense industry.
The company operates worldwide, where it provides products and services to the aerospace, security, and defense markets. These operations are segmented into Global Products and EMEA Services. Under EMEA Services, QinetiQ offers training services, and test and evaluation. Global Products offers research solutions and intellectual property to government agencies. QinetiQ trades on the LSE as QQ and has its headquarters in Hampshire, UK.