19th Dec 2023 10:13
(Alliance News) - Filtronic PLC on Tuesday said it has won a new contract for the development and manufacture of advanced RF electronic modules for a "major UK defence prime."
Filtronic is a Sedgefield, England-based designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure, space, and critical communications markets.
Shares in the company were up 6.4% to 20.75 pence each in London on Tuesday morning. Over the last 12 months, the stock is up 50%.
Filtronic said the GBP4.5 million contract win includes a product qualification phase starting in January 2024. It expects the delivery of final production units to be in the fourth quarter of next year.
Chief Executive Richard Gibbs said: "We have been working closely with the new customer over several years and this contract win represents a successful collaboration between the MoD, the customer, Filtronic and PRFI, a leading UK-based technical design consultancy providing monolithic microwave integrated circuits services. It is yet another example of Filtronic's ability to support the UK Defence Industry with a sovereign supply chain for advanced semiconductor packaging solutions that are optimised for both thermal and radio frequency performance".
By Sophie Rose, Alliance News senior reporter
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