Balfour Beatty Plc (BBY.L) said it has been appointed by QinetiQ (QQ.L) to provide integrated facilities management services for a seven-year contract with a base-line value of £15 million per annum plus additional fees for non-core services.
The contract will consist of the facilities management of QinetiQ's portfolio of 31 sites across the UK.
Balfour Beatty will be transforming the service, providing greater efficiencies and cost reductions to QinetiQ and will be responsible for mechanical and electrical and building fabric maintenance, waste management, mail, logistics, cleaning, front of house, helpdesk management and ground maintenance.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.