Qinetiq preps to take over AeroStructures
British defense and security technology company Qinetiq is poised to complete the acquisition of Australian engineering group AeroStructures. The would-be subsidiary conducts engineering analysis and assessment of aircraft for structural integrity management and airframe life extension. It also carries out nondestructive testing, provides design and inspection services and trains aircraft engineers.
The takeover of AeroStructures is due to be approved by the Australian government by the end of this month. Qinetiq recently bought two Australian defense consulting businesses, Ball Solutions and Novare Group. It now employs almost 300 people in the country and generates annual revenues of approximately $42 million. Clive Richardson, Qinetiq’s chief operating officer for Europe, the Middle East and Australasia, said that the group will seek further expansion in the Asia Pacific region.