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Further Contract Win with SpaceX

10 Feb 2025 07:00

RNS Number : 4267W
Filtronic PLC
10 February 2025
 

 

 

10 February 2025

Filtronic plc

 

Further Contract Win with SpaceX

 

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets, is pleased to announce a significant new contract win with SpaceX valued at $20.9m (£16.8m), to be fulfilled in both FY2025 and FY2026.

 

Consequently, the Board is now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026.

 

Nat Edington, Chief Executive Officer, commented: "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".

 

Enquiries:

Filtronic plc

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

Nat Edington (Chief Executive Officer)

 

Michael Tyerman (Chief Financial Officer)

 

 

Cavendish Capital Markets Limited

Tel. 020 7220 0500

Jonny Franklin-Adams, Isaac Hooper, Trisyia Jamaludin (Corporate Finance)

Sunila de Silva, Ondraya Swanson (Corporate Broking)

 

 

Walbrook PR Limited

Tel. 020 7933 8780 or filtronic@walbrookpr.com

Nick Rome/Joe Walker

 

 

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

 

 

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