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Aug 3, 2005 10:57 am

Imperial Investment

Here's a chance for all the Warriors to support Bush I, Carlucci and all of the other Empire Guys at the Carlyle Group and join with our Brit Jr. partners in making a few $$ while supporting the Empire:

"Financial Times News alert: Qinetiq acquisitions set to double US revenues

The acquisition, which is expected to be announced with a smaller deal to acquire Planning Systems Inc., a privately held US engineering group, will nearly double Qinetiq's sales coming from the US to $600m, or about a third of group revenues.

The company has been emphasising its push into the US ahead of an expected £1.1bn public offering in November. Qinetiq and its shareholders, the defence ministry and US-based private equity group Carlyle, sent letters to a dozen banks last week to gauge interest in an IPO.

Privately held Apogen, based in suburban Washington D.C., is a provider of software and IT systems to both the Pentagon and the Department of Homeland Security and generated $205m in revenues last year a technology services group created by Apogen.

"This has been part of our strategy for a while," Sir John said.

"We have enormous technological capabilities here in the UK, and the US is the largest market for what we have to sell."

Sir John would not rule out further acquisitions in the US, saying the company continued to talk to "all sorts" of potential take-over targets.

Following the two latest acquisitions, which must be cleared by US security agencies, Qinetiq would have more than 2,500 employees in the US, compared with 10,000 in the UK."

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