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New Contract Win

21st Sep 2018 07:00

RNS Number : 4693B
Filtronic PLC
21 September 2018
 

Filtronic plc (the "Company")

New Contract Win

Filtronic plc (AIM: FTC), the designer and manufacturer of antennas, filters and mmWave products for the wireless telecoms and critical communications markets, is pleased to announce that it has entered into a new multi-year supply agreement with a major European defence contractor to provide state of the art microwave modules for use in aerospace radar systems. The agreement is subject to a production process qualification.

Under the terms of the Agreement Filtronic will manufacture and test the modules at its advanced mmWave centre of excellence in Sedgefield, UK. The multi-year contract has an anticipated potential value in the region of £3.0m to £5.7m dependent on the final volumes delivered over the duration of the Agreement.

Rob Smith, CEO, said: "We are delighted to have been selected as a supplier of these modules to this prestigious customer. We have worked hard to develop opportunities in the defence and aerospace market and this contract flows from the successful ramp of our other defence contracts. This further underwrites our growing credibility in this important market."

Enquiries:

 

Filtronic plc Tel. 0113 220 0000

Rob Smith (CEO) Mob. 07810 774 688

Michael Tyerman (Finance Director) Mob. 07956 029 502

 

Panmure Gordon (UK) Limited Tel. 020 7886 2500

Dominic Morley / Alina Vaskina (Corporate Finance)

Erik Anderson (Corporate Broking)

 

Walbrook PR Limited Tel. 020 7933 8780 or [email protected]

Paul Cornelius Mob. 07866 394 707

Sam Allen Mob. 07884 664 686

 

Notes:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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