Filtronic wins $8m satellite tv for pc payload follow-on order

Filtronic has secured an $8m follow-on order from a US buyer for prototype models to be deployed on satellites.

The AIM-listed maker of radio frequency expertise mentioned the contract, protecting the design, growth and construct of the models, expanded a buyer relationship that started with a $0.5m growth deal in June, and added to an $8m amplifier order from the identical buyer in March.

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It mentioned the award bolstered its place in millimetre-wave expertise for satellite tv for pc payloads.

The contract is predicted to be accomplished within the first half of the 2028 monetary 12 months, with earnings recognised throughout FY2027 and FY2028, giving Filtronic additional visibility over future gross sales.

Nat Edington, Chief Executive Officer, mentioned: “Being awarded this vital follow-on contract with our not too long ago secured US buyer demonstrates the rising relationship and the boldness they’ve in Filtronic’s technical experience. Our means to develop and ship extremely superior mmWave expertise at tempo is enabling us to ascertain ourselves as a trusted companion within the quickly rising satellite tv for pc market. We are delighted to be increasing our position on this programme and stay up for persevering with to assist our buyer because the expertise progresses in the direction of deployment.”

Filtronic shares have suffered in latest months because the hype round their relationship with SpaceX light and outcomes. underwhelmed. The Filtronic share value is now lower than half of its peak.