Tech firm hails momentum after £400,000 agreement

Illustrative purposes only

Filtronic is set to supply satellite-based apparatus to an unnamed US customer.

The agreement follows a £6 million contract with the same client and further headline partnerships with operators including SpaceX, which bosses say leave the business primed to “convert growing market demand into sustained value creation”.

They add the radio frequency parts maker, headquartered at NETPark, in Sedgefield, County Durham, is also set to report revenue of at least £55.5 million in the year to May 31 and deliver higher-than-expected adjusted EBITDA of at least £11.1 million.

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