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Contract Win

11 Jul 2022 07:00

RNS Number : 9040R
Filtronic PLC
11 July 2022
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11 July 2022

Filtronic plc

("Filtronic")

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NEW UK DEFENCE CONTRACT WIN

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Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, telecoms infrastructure and critical communications markets, is pleased to announce the award of a new contract win with a UK defence customer for the design, manufacture and delivery of a modular, programmable reference system for testing RF equipment.

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The new contract, valued at Β£0.5m, is for a system, designed to be compatible for land, sea and airborne platforms, which will enable it to be used for both outdoor field trials and static laboratory-based testing. This is the second contract award we have received from this defence customer, following the award of the battlefield communications contract to Filtronic in January 2021, and is expected to be delivered within FY2023.

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Richard Gibbs, Chief Executive Officer, commented:Β "Having proven our expertise and capability on our initial contract win to this customer, I am delighted we have been awarded another contract, for a different system, through a framework we have been actively targeting. Electronic warfare and the defence market is key to our growth plans, where our technology is highly relevant and valued."

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Enquiries:

Filtronic plc

Tel. 01740 618800 or investor.relations@filtronic.com

Richard Gibbs (Chief Executive Officer)

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Michael Tyerman (Chief Financial Officer)

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finnCap Limited

Tel. 020 7220 0500

Jonny Franklin-Adams/Tim Harper (Corporate Finance)

Alice Lane/Sunila de Silva (ECM)

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Walbrook PR Limited

Tel. 020 7933 8780 or filtronic@walbrookpr.com

Paul Vann

Mob. 07768 807 631

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This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word β€œReach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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