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QinetiQ Group PLC announced it is on track to meet its financial targets for the year despite near-term spending uncertainty. The company reported orders exceeding £3 billion year-to-date, with a backlog of around £5 billion and a pipeline of £11 billion, providing 94% revenue visibility for the fiscal year ending 31 March.

Expected outcomes include approximately 3% organic revenue growth, an 11% margin, and earnings per share growth of 15% to 20%. Cash conversion is forecasted at about 90%, with free cash flow of £150 million to be returned to shareholders through dividends and share buybacks.

Recent contracts include a £205 million extension of the Typhoon support contract, £87 million for laser-directed energy weapons, and £34 million for UK command and control systems. Successful trials of the DragonFire laser weapon and expanded services to NATO allies were also noted.