QinetiQ Group sells U.K. fuel, lube business

QinetiQ Group PLC has sold its fuel and lube business in the United Kingdom to Intertek Group PLC for £0.5 million (US$823,474). QinetiQ is the U.K.’s largest research and technology organization providing technical knowledge to customers in the global aerospace, defense and security markets. The sale of the fuel and lube business segment in Farnborough will allow QinetiQ to focus on the company’s core markets. (August 5, 2011)