1st Oct 2026 10:03
Filtronic PLC - Sedgefield, England-based designer and manufacturer of advanced RF solutions - Announces a USD68.1 million follow-on order from Space Exploration Technologies Corp, or SpaceX, for the supply of its Cerus E-band gallium nitride Solid State Power Amplifier units. Filtronic says the order is the largest it has received from SpaceX and follows a USD62.5 million order announced in August 2025. The order is expected to be materially fulfilled during financial 2028, providing greater visibility over future revenue and underpinning the company's expectations for the year. Chief Executive Officer Nat Edington said: "This follow-on order from SpaceX is another significant milestone for Filtronic, providing extended order visibility and coverage over the next couple of years.
"This order provides further evidence of the growing importance of GaN technology in high-frequency communications and reinforces Filtronic’s position at the leading edge of this transition. This order also provides significant revenue visibility into FY2028 and beyond, representing another important step for the business but also the continued development of our partnership with SpaceX."
Current stock price: up 4.9% to 249.13 pence per share
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By Niall Holden, Alliance News reporter
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