QinetiQ Completes Sale of US Services' Access Control and Security Operations Business

QinetiQ Group plc announces today that on 8 October 2010 it completed the disposal of S&IS - a non-core security operations and access control business within QinetiQ's US Services operation - to ManTech International Corporation. The total consideration was $60 million, payable in cash, which will generate approximately $40 million of net proceeds after tax.
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Source: QinetiQ Group plc (LSE: QQ.L)
Date: Oct 12, 2010