News release

QinetiQ Group plc

Gary Stewart appointed as Chief Executive for Australia Sector

16 February 2023 - QinetiQ Group plc ("QinetiQ") today announces the formation of a new Australia Sector and names Gary Stewart as the Sector's Chief Executive, effective 01 May 2023.

Gary will join QinetiQ from Rheinmetall Defence Australia where he was the Managing Director responsible for strategy and operational delivery in the Asia Pacific region. Gary has a proven track record of transforming and growing businesses, with more than 20 years of experience within the defence industry in the US, Canada, UK, Germany and Australia. He is an engineer and served in the Royal Australian Air Force for 11 years. Gary will join QinetiQ's Leadership Team led by Steve Wadey, QinetiQ's Group Chief Executive Officer.

The creation of the new Australia Sector, which replaces what was previously the International Sector, is a further demonstration of QinetiQ's commitment and investment in Australia and is evidence of our ambition to build an integrated global defence and security company focused around our six distinctive offerings and three home countries, of the UK US and Australia. The Australia Sector will be headquartered in Canberra and has more than 1,200 employees worldwide.

In recent years, QinetiQ has invested more than A$100million in Australian people, skills and capabilities. The A$53m acquisition of Air Affairs in October 2022, the new Technology and Engineering Centre in Fishermans Bend, Melbourne and the sovereign Test & Evaluation upskilling programme are some of the ways in which QinetiQ is supporting long-term growth in the country, aligned with the Australian government's focus of rebuilding the industrial base to create new capabilities and opportunities.

The Australia Sector becomes QinetiQ's global hub for threat representation, including recently acquired Air Affairs, Target Systems (in the UK and Canada) and our German air threat representation and training business. QinetiQ's four Sectors are now Australia, the US, UK Defence and UK Intelligence and together the company is well-placed to support the goals of AUKUS and ultimately ensure the country has the right capabilities to meet the growing strategic challenges and threats facing Australia and its partners.

Steve Wadey, Group Chief Executive Officer of QinetiQ, commented:

"Gary's extensive experience in the Australian and global defence sectors, alongside his ability to grow businesses at scale, means that he is the right leader to deliver both short-term operational performance and our long-term strategy to grow our Australia Sector at pace.  Today's announcement is another significant step in our multi-domestic growth ambition and a strong indication of QinetiQ's commitment to the defence sector in Australia."

 Gary Stewart, incoming Chief Executive of QinetiQ Australia Sector, commented:

"I am delighted to be joining the leadership team of a global defence and security company that will deliver growth from Australia while playing our role in contributing to national and global security. The new Australia Sector will be crucial in creating sovereign capability and further developing critical skills including becoming QinetiQ's global leader for threat representation.  I am looking forward to working with the highly skilled people at QinetiQ, dedicated to supporting our customers' critical missions."

About QinetiQ

QinetiQ (QQ.L) is a leading science and engineering company operating primarily in the defence and security markets. We work in partnership with our customers to solve real world problems through innovative solutions delivering operational and competitive advantage. Visit our website www.QinetiQ.com. Follow us on LinkedIn and Twitter @QinetiQ.  Visit our blog www.QinetiQ-blogs.com.

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