Special Security Agreement (Ssa)

The SSA replaces the previous proxy agreement for QinetiQ North America. Steve Wadey, CEO of QinetiQ Group Plc, said: “Building on the acquisition of MTEQ, this new special security agreement allows us to profoundly reshape the way we enter the market as an integrated global defence and security company. QinetiQ has signed a new Special Security Agreement (SSA) with the U.S. Security Defense Agency (DCSA). A variant is a Special Security Agreement (SSA) in which the company`s board of directors can be composed of both U.S. citizens and nationals of the parent company`s country. In this case, when national security issues are discussed, only U.S. managers can participate. SSAs require companies to be managed in accordance with U.S. law and by U.S. citizens. [1] In May 2006, the CEO of BAE Systems described the “firewall status” of BAE`s U.S.

subsidiary, BAE Systems Inc.: “The British members of the company`s management, including me, get to see the financial results; but many areas of technology, product and program are not visible to us. The SSA effectively allows us to be a U.S. company in the U.S. and offers maximum security and integrity in some of the most sensitive areas of national security. [2] Under the agreement, QinetiQ`s defense and security operations in the United States are consolidated into a single entity. A Proxy Board is a requirement imposed under a U.S. Department of Defense Defense Security Service proxy agreement on foreign investors wishing to acquire certain U.S. companies. This is done for national security reasons and applies mainly to defense companies that participate in top secret contracts. The proxy agreement is between the foreign company, the U.S. subsidiary, which holds classified contracts, and DSS.

Recently, QinetiQ North America won the U.S. Army`s Robotic Combat Vehicle Light (RCV-L) program. It will also include all operations performed through manufacturing techniques (MTEQ). Last December, QinetiQ completed the acquisition of MTEQ, a U.S. provider of advanced sensor solutions. . . .