Filtronic Regulatory News (FTC)

15 January 2024

Filtronic plc

("Filtronic")

CONTRACT WIN WITH QINETIQ FOR DEFENCE RADAR

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, telecoms infrastructure and low earth orbit space markets, is pleased to announce a new contract win with QinetiQ, a global defence and security company.

Phase 1 of the contract, valued at £2.0m, with revenue expected to be recognised over the next two years, is for the development of a radio-frequency ("RF") subsystem to be installed into a range radar solution that can be deployed either as a vehicle mounted land system or a helicopter mounted mobile solution. 

The proposed RF subsystem design will draw upon Filtronic's established expertise in the design, assembly and tuning of complex RF filters together with the manufacture and test of highly integrated RF transmit and receive modules.

Richard Gibbs, Chief Executive Officer, commented: "We are delighted to be selected as the preferred partner on this project to provide an RF subsystem for the upgrade of an established range radar system. Winning this contract with a multinational, world-class defence technology company such as QinetiQ, is an important strategic development as we add a target client to our customer register and broaden the customer base. We look forward to working with our new customer to develop the product, deliver the final solution and build further on the relationship".

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Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.