QinetiQ (or, if you want to wind them up "quin-ti-queue") are the bit of DERA that the Yanks would let Blair flog off. They used to have some really sharp folks who traded the lack of money for a decent pension and loads and loads of toys.
Since then, they've been a bit of a blind, drunk asperger's gorilla in the industry. Lots of money to invest, lots of people to schmooze your directors, all of the artistic competence of a toddler with a paint-ball gun.
So, snurk. Yes, sorry, I just can't stop grinning.