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[Qinetiq Revenue Growth Target Cut Amidst Geopolitical Uncertainty And US Demand Decline] UK Military Contractor Qinetiq Has Cut Its Revenue Growth Target To 2% From 7% And Predicted A 10% Profit Margin, Down From 12%, Due To Geopolitical Uncertainty And Delayed Contract Awards, Particularly In The US Where Demand For Products Like The Talon Bomb Disposal Robot Has Declined. This Has Led To A 22% Drop In Qinetiq's Share Price, Wiping Over £500m Off Its Market Value, Along With A £70m Hit On Inventory And A £140m Write-down For Restructuring Its US Operations.
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