Further Contract Win with SpaceX
Filtronic wins $20.9m contract with SpaceX to be fulfilled in FY2025 and FY2026.
vs expectations: ahead
- SpaceX contract value $20.9m (£16.8m)
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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".
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