RE: Boom26 Aug 2025 07:04
Filtronic secures $62.5m order with SpaceX for next generation technology
High power GaN solution to enhance low Earth orbit satellite connectivity
Filtronic plc (AIM: FTC), the designer and manufacturer of advanced RF solutions for the space, aerospace and defence, and telecoms infrastructure markets, is pleased to announce that it has secured its largest single order to date of £47.3m ($62.5m) from SpaceX, for the Company's next generation, proprietary gallium nitride ("GaN") E-band product.
The first production units from this contract will ship in FY2027 and are expected to deliver material revenues in FY2027 and FY2028. In recognition of SpaceX agreeing to this substantial order of new technology, the warrants relating to the original Strategic Partnership agreement for next technologies (Tranche 2) have been extended to include E Band GaN alongside other bands in development. The vesting criteria has also been amended to double the volume of products required for full vesting and now vests on product delivery rather than on the placement of the purchase order, ensuring closer strategic alignment in the outlook period.
The contract is the first GaN product from Filtronic's next generation product lines, delivering more than double the output power of the existing gallium arsenide ("GaAs") product line. GaN processes enable higher power, improved efficiency, and greater thermal performance-critical advantages for satellite communications and aerospace and defence applications.
The successful development of this GaN solution reflects Filtronic's technical leadership and ability to overcome complex design and manufacturing challenges associated with high-power mmWave systems, including advanced packaging and thermal management. The result is a high-performance product that sets a new benchmark for size, weight, power, and cost ("SWaP-C") in this frequency domain.
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