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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/qinetiq-takes-off-after-nasa-deal.jpg"><img class="alignnone size-full" title="Nasa has handed UK defence technology firm Qinetiq a new deal." src="http://londonglossy.com/wp-content/uploads/2010/11/min-qinetiq-takes-off-after-nasa-deal.jpg" alt="Nasa has handed UK defence technology firm Qinetiq a new deal."/></a></p>
<p>Nasa has handed UK defence technology firm Qinetiq a potential 2 billion US dollar (£1.2 billion) contract for engineering work at its Kennedy Space Centre, it has been announced.</p>
<p>Qinetiq&#8217;s North American operation is expected to start work at the space centre in Florida next March, although final details of the deal are still being thrashed out.</p>
<p>The contract is set to span at least five years, with a base contract worth 159 million dollars (£99 million) and a further possible 1.8 billion dollars (£1.1 billion).</p>
<p>Qinetiq&#8217;s work will include designing and developing ground systems and equipment for ground processing of Nasa launch vehicles and spacecraft, as well as technology for Nasa mission requirements.</p>
<p>Shares in Qinetiq rose as much as 3% on news of the contract win, which comes at a difficult time for the group&#8217;s public sector divisions.</p>
<p>Qinetiq, which employs around 6,000 workers in the UK, is facing a major spending clampdown by the Ministry of Defence, while it is also vulnerable to defence cuts in the US where it has significant operations.</p>
<p>It has staff in nearly every North American state and counts clients including Homeland Security Agencies and the US Department of Energy. The US division was formed through a string of acquisitions, starting with American firms Westar and Foster-Miller in 2004.</p>
<p>Qinetiq&#8217;s US team already works for Nasa at the Glenn Research Centre in Ohio and the Goddard Spaceflight centre in Maryland on aerospace engineering, IT and testing.</p>
<p>Nasa has itself been a victim of government cost cutting following the global recession, with President Barack Obama recently slashing the manned space programme.</p>
<p>Its 108 billion dollar (£67 billion) Constellation programme to get astronauts to the Moon by 2020 and Mars by 2030 were cancelled, although the President committed to help NASA continue with vital research work with a view to future deep space missions.</p>
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