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(Sharecast News) - Advanced RF solutions business Filtronic said on Tuesday that it has secured its largest contract award to date with SpaceX.
Filtronic said it had been awarded a follow-on order from SpaceX for the supply of its market-leading E-band Cerus 32 Solid State Power Amplifier, with the irrevocable order worth $32.5m expected to be materially fulfilled in FY26.
The AIM-listed group said the award "reflects the strength and continued success" of its strategic partnership with SpaceX.
As a result, Filtronic said it was now confident that it will exceed current revenue expectations for FY26.
Chief executive Nat Edington said: "We are delighted to have secured our largest order to date with SpaceX, reinforcing Filtronic's growing reputation for delivering high-performance RF solutions to the high-growth space market. This milestone builds on the momentum of recent contract awards and highlights the progress we are making as we expand in key strategic markets."
As of 1000 BST, Filtronic shares were up 8.46% at 141.0p.
Reporting by Iain Gilbert at Sharecast.com
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