Filtronic plc
New supply agreement worth approximately £4.8 million
Filtronic plc (AIM: FTC), the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market and adjacent markets, is pleased to announce that its Filtronic Broadband business has secured a second multi-year supply agreement with a major European defence equipment manufacturer for the supply of specialist high frequency transmit and receive modules for a defence related aerospace application.
The three-year agreement is expected to generate revenues totalling approximately £4.8 million. Production of the modules will take place at our certified highly automated manufacturing facility in Sedgefield, UK and is expected to commence in H1 FY2018. The agreement provides for additional volumes should our customer secure follow-on project wins with its end-customers.
Rob Smith, Filtronic plc's CEO commented "We are delighted to have been selected to work on this project. This is Filtronic Broadband's second major business win in the defence and aerospace sector and along with other smaller contracts, demonstrates our commitment to diversify the customer base and markets we serve, to become a major supplier of advanced communications components and sub-systems to this and other adjacent markets."
Enquiries:
Filtronic plc |
Tel. 0113 220 0000 |
Rob Smith (CEO) |
Tel. 07810 774 688 |
Maura Moynihan (Company Secretary) |
Tel. 01274 535 619 |
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Panmure Gordon (UK) Limited |
Tel. 020 7886 2500 |
Dominic Morley / Alina Vaskina (Corporate Finance) Erik Anderson / Tom Salvesen (Corporate Broking) |
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Walbrook PR Limited |
Tel. 020 7933 8780 or [email protected] |
Paul Cornelius Helen Cresswell |
Mob. 07866 394 707 Mob. 07841 917 679 |
Notes:
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
