Largest contract award to date with SpaceX
10 June 2025
Filtronic plc
("Filtronic" or "the Company")
Largest contract award to date with SpaceX
Reinforcing Filtronic's growing reputation within the high-growth space market
Filtronic plc (AIM: FTC), the designer and manufacturer of advanced RF solutions for the space, aerospace and defence, and telecoms infrastructure markets, is pleased to announce the award of a follow-on order from SpaceX for the supply of its market-leading E-band Cerus 32 Solid State Power Amplifier ("SSPA"). The irrevocable order is the largest in value to date, worth $32.5 million (£24.0m), and is expected to be materially fulfilled in FY2026.
This award reflects the strength and continued success of Filtronic's Strategic Partnership with SpaceX, the leading Low Earth Orbit technology provider. Consequently, the Board is now confident the Company will exceed current revenue expectations for FY2026. Given the cadence of orders the Company has received, Filtronic continues to invest in its technology roadmap, across a range of products, given the sizeable market opportunity.
Share Warrants
The order has been placed under the framework of the Strategic Partnership, specifically relating to the extension signed in March 2025, and vests all 10,949,079 warrants relating to that agreement, representing 5% of the current share capital of the Company.
As a consequence of this vesting, warrants over 21,805,054 ordinary shares have now vested representing 9.96% of the Company's issued share capital. Warrants over a further 4.96% of the issued share capital remain unvested and subject to meeting certain criteria in relation to new technology.
Nat Edington, Chief Executive Officer, 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."
Enquiries:
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Filtronic plc |
Tel. 01740 618800 or |
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Nat Edington (Chief Executive Officer) |
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Michael Tyerman (Chief Financial Officer) |
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Cavendish Capital Markets Limited |
Tel. 020 7220 0500 |
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Jonny Franklin-Adams, Isaac Hooper, Trisyia Jamaludin (Corporate Finance) |
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Sunila de Silva (Corporate Broking) |
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Alma Strategic Communications Caroline Forde, Hannah Campbell, Rose Docherty |
Tel. 020 3405 0205 or filtronic@almastrategic.com |
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Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
About Filtronic:
Filtronic is at the leading edge of advanced microelectronics globally, specialising in the design and manufacture of mission-critical communication networks. Operating from two global manufacturing sites and three engineering centres of excellence, the company delivers solutions that span the full RF spectrum. An extensive patent portfolio highlights Filtronic's ongoing drive for innovation and technological leadership.
With a track record of over 45 years', Filtronic's technology is trusted across high-performance sectors including space, aerospace, defence, telecoms infrastructure and critical communications. The company develops core IP building blocks and transforms them into highly customised solutions for high-growth target markets. Filtronic's expertise enables seamless data transmission, delivering greater bandwidth, lower latency and enhanced connectivity.
Filtronic has successfully coupled this engineering expertise with investment in state-of-the-art production equipment that enables the rapid transition of a turn-key solution from product development to full scale, high-quality manufacturing, at volume. The strategic markets of LEO space, aerospace and defence are the focus of current product development programmes, where Filtronic can add significant value, realise long term sustainable margins and deliver shareholder value.
Headquartered in Sedgefield, UK, Filtronic is listed on the AIM market of the London Stock Exchange.
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