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Filtronic Wins New USD2 Million Contract With Existing Customer

7th Mar 2016 08:56

LONDON (Alliance News) - Filtronic PLC on Monday said it has won a new USD2.0 million contract to supply its new range of integrated antennas from an unnamed major European original equipment manufacturer.

Filtronic, which designs and manufactures microwave electronic products, said the new order is a follow-on to a USD3.9 million order from the same customer in January. That order earlier this year replaced a previous contract with the customer signed back in October 2015.

The new USD2.0 million contract revealed Monday will be delivered in the current financial year which will end in May.

No other details were released by the company.

Filtronic shares were trading up 8.3% to 5.55 pence per share on Monday morning.

By Joshua Warner; [email protected]; @JoshAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.


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