Quarterly qualifying defence contract statistics: Q2 2023/24
The SSRO has released its latest quarterly publication on key statistics relating to qualifying defence contracts (QDCs) and qualifying sub-contracts (QSCs).
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This bulletin is part of a regular published series of statistical reports, containing analysis of key QDC/QSC information, covering all contracts that became a QDC/QSC between 1 April 2015 and 30 September 2023.
The SSRO was notified of 608 contracts that became QDCs/QSCs between 1 April 2015 and 30 September 2023. Contractors have one month after the date the contract becomes a QDC/QSC to submit reports, and as of 31 October 2023 the SSRO had received contract reports for 575 contracts. This analysis is based on these 575 contracts, which comprised 492 QDCs and 83 QSCs.
The estimated total contract price was £94.5 billion for contracts that became QDCs/QSCs between 1 April 2015 and 30 September 2023 The average reported estimated contract profit rate across all QDCs/QSCs was 9.44 per cent. In the first six months of 2023/24, the SSRO has received contract reports for 24 new QDCs/QSCs, and an estimated total contract price of £1.9 billion was reported. Five QDCs/QSCs have been excluded from the profit rate statistics.
The analysis reflects the most recently reported contract data. All data is taken from reports submitted by the contractor for each QDC/QSC as indicated in the bulletin. The data may not reflect values at contract completion.
The publication schedule for the next four quarterly bulletins is as follows:
| Quarterly bulletin | Date Published |
|---|---|
| Q3 2023/24 | 27 February 2024 |
| Q4 2023/24 | June 2024 – Annual Statistics |
| Q1 2024/25 | August 2024 |
| Q2 2024/25 | November 2024 |