Defence Committee

Session 2002-03,  16 January 2003

Press Notice No. 5



Tuesday 21 January

at 3pm:    Qinetiq/Carlyle Group: Dame Pauline Neville-Jones (Chairman of Qinetiq), Sir John Chisholm (Qinetiq Chief Executive), Mr Glenn Youngkin (Managing Director, Carlyle Group)

at 4.15pm: Dr Lewis Moonie MP, Parliamentary Under-Secretary of State, Ministry of Defence, Mr Colin Balmer, Finance Director, Ministry of Defence

The Committee's evidence follows the MoD's announcement last August that it had selected Carlyle Group to take a stake as a 'strategic partner' in the currently MoD-owned Qinetiq, and the conclusion of the deal in December.  The Committee will be examining that agreement and its implications, and following up four earlier inquiries by the Defence Committee in the last Parliament into the part-privatisation of the Defence Evaluation and Research Agency (which divided DERA between two new organisations-Qinetiq, now a plc, and the Defence Science and Technology Laboratory which remained part of the MoD).

Meetings will take place in committee rooms in the Palace of Westminster or Portcullis House.  It is advisable to ring the office on 020 7219 5745 to check the precise venue a few days in advance of the session.