Group Chief Executive Officer, Qinetiq
Search every verified Steve Wadey interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Steve Wadey, Group Chief Executive Officer at QinetiQ, has been outlining the company's growth strategy, with a particular focus on the U.S. market. During a March 2021 investor seminar, Wadey stated that the company's strategy "has laid out a clear path to double the size of our u.s business to over 600 million dollars in revenue by 2026." He noted that the U.S. Department of Defense has invested over $15 billion in relevant technologies, a market growing at 15 percent annually, and that over 50 percent of QinetiQ's current revenue is in this growth area. Wadey expressed confidence in the plan, describing it as a "50 50 notional organic" split, and emphasized the importance of a strategy-led approach to acquisitions, saying the company is "not looking for acquisition for acquisition's sake." Wadey also highlighted three key differentiators for QinetiQ's approach: "the right strategy," "the right product," and "the right people." In a separate seminar, he discussed the company's broader ambition to deliver "at least the same level of growth in the next five years as we have in the last five years," targeting mid-single-digit organic revenue growth supplemented by strategic mergers and acquisitions. In an earlier 2019 interview, Wadey described QinetiQ as a global company focused on test and evaluation services and unique solutions, noting that in Australia the company partners with organizations like DST and the Australian Defence Force to provide sovereign test and evaluation capabilities.
“our strategy has laid out a clear path to double the size of our u.s business to over 600 million dollars in revenue by 2026.”
“the u.s department of defense spent invested over 15 million billion sorry dollars in these technologies last year this has been growing at a rate of 15 percent in recent years over 50 percent of our current revenue is in this growth market”
“our plan is to double in the us in the next five years and we're confident of the plan that mary just outlined um yeah 50 50 notional organic yeah mary's got a good team and a good plan on the um you know the programs of record and you know trying to move into the multi hundred um million dollar programs that will driv...”
“summarize that there are three things that we're doing differently i feel that we've really got the right strategy i think that we've got the right product and i think most importantly i'll come back to this at the end we've got the right people”
QinetiQ Group Investor Seminar (March 2021)
Sign in to search the full transcript archive, filter by topic, and access every quote from Steve Wadey.
The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →