QinetiQ has reaffirmed its full-year guidance, forecasting 15% to 20% EPS growth and an 11% operating margin. The UK defense firm secured over £3 billion in orders year-to-date, with a backlog now at £5 billion and a qualified pipeline of £11 billion.

The company’s steady performance comes despite ongoing spending uncertainty in core markets. Recent wins include a £205 million Typhoon contract and several laser technology deals. Its book-to-bill ratio remains above one, signaling sustained demand.

Looking ahead, QinetiQ plans to return around £150 million in free cash flow to shareholders through dividends and buybacks. CEO Steve Wadey emphasized continued progress in aligning operations with national security priorities across the U.S., UK, and Australia.