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Filtronic plc announced a new contract win with SpaceX, valued at $20.9m (£16.8m). This contract is to be fulfilled in both FY2025 and FY2026. The Board of Filtronic plc stated confidence that the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026.
| Date | 10 Feb 2025 |
| Time | 07:00:07 |
| Category | Corporate updates |
| ID | 4267W |
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:
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Filtronic plc |
Tel. 01740 618800 or [email protected] |
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Nat Edington (Chief Executive Officer) |
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Michael Tyerman (Chief Financial Officer) |
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Cavendish Capital Markets Limited |
Tel. 020 7220 0500 |
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Jonny Franklin-Adams, Isaac Hooper, Trisyia Jamaludin (Corporate Finance) |
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Sunila de Silva, Ondraya Swanson (Corporate Broking) |
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Walbrook PR Limited |
Tel. 020 7933 8780 or [email protected] |
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Nick Rome/Joe Walker |
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Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.