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Ian Gordon, analyst at Exane BNP Paribas, said: "It's being presented as providing a more stable, certain outturn, but you could argue they are giving away the upside but not really being sheltered from much of the downside".
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For now, we still view an August hike to be the most likely outturn.
Guidance is for a similar outturn in the second quarter of 202.
First-quarter growth was 8.7% year on year and the Slovak government expects the full-year outturn to be 7.7%.
The outturn may be almost double that.None of this detracts from the coalition's success in cutting costs, though.
Only the security that represents the actual sales outturn pays a substantial dividend; the rest pay nothing.
Chris Dyett at Investec said: Qinetiq's interims were well signposted and the outturn is largely as expected.
This more than reversed January's drop and marked the highest outturn since the start of 2007.
The outturn was weaker than the consensus forecast of a 0.5% rise and left the annual growth rate at -1.3%.
Some economists believe the weak outturn was a blip and expect production to have bounced back in February.
"I am certain — certain!
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com