(Alliance News) - Filtronic PLC on Monday said it landed a "significant new contract win" with SpaceX.
Filtronic is a Sedgefield, England-based designer and manufacturer of products for the aerospace, defence, telecoms infrastructure, and low earth orbit space markets.
Filtronic said the deal, worth GBP16.8 million, will be fulfilled in the current financial year, which runs to the end of May, and in the next.
"Consequently, the board is now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026," the firm added.
Chief Executive Officer Nat Edington said: "We are delighted to have secured this substantial order, which underscores Filtronic's reputation for delivering high-performance RF solutions to our market leading customer. This contract, alongside our growing momentum in strategic markets, provides us with increased confidence in our ability to exceed our growth targets for FY2025 and FY2026."
Filtronic shares rose 10% to 102.00 pence each on Monday morning in London.
By Tom Budszus, Alliance News slot editor
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Filtronic (FTC)
