HistoryIn 2001, the United Kingdom privatized part of the U.K. Government’s Defense Evaluation and Research Agency (DERA), then the U.K.’s largest science and technology organization, creating QinetiQ (LSE: QQ). In 2004, QinetiQ acquired the U.S. companies Westar and Foster-Miller, the first two of a string of acquisitions that would eventually become QinetiQ North America. While it is a wholly-owned subsidiary of QinetiQ, QinetiQ North America is an independent U.S. company separated from QinetiQ by a proxy agreement that protects the national interests of the United States.
Timeline: Acquisition of smaller, best-of-breed companies to create
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