Filtronic wins record SpaceX contract as momentum builds in H1

(Sharecast News) - RF solutions manufacturer Filtronic said on Friday that it had made major strategic progress in the first half of the year, securing a number of sizeable contract awards.

Filtronic locked in its largestever contract win with SpaceX for its nextgeneration Eband GaN technology, marking the first significant commercial deployment of the product.

The AIM-listed firm also revealed it had secured a �7m multiyear contract with a European aerospace manufacturer to supply RF assemblies for a Low Earth Orbit satellite constellation, alongside a �13.4m contract with a European defence prime, further strengthening its position in secure communications.

Filtronic stated innovation remained central to its growth strategy, with launches of highfrequency GaN products planned for 2026 and �1.2m of funding recently awarded to support development of a 550W Kaband solidstate power amplifier.

It ended the half year with �10.5m of cash in the bank, down from �14.5m at 31 May, after selffinancing its relocation to a larger headquarters and manufacturing site in Sedgefield. Net cash, excluding property leases, stood at �8.5m, compared with �12.3m previously.

Looking ahead, Filtronic stated it had entered the second half with a robust order book, strong customer engagement and a growing pipeline, leaving the firm confident in its ability to deliver a solid H2 and a fullyear performance in line with market expectations.

As of 1005 GMT, Filtronic shares were down 1.83% at 139.40p.

Reporting by Iain Gilbert at Sharecast.com