REG - Filtronic PLC - New supply agreement worth approximately £4.8m <Origin Href="QuoteRef">FTC.L</Origin>

FiltronicAnnouncement

14/08/2017 07:00

RNS Number : 8384N
Filtronic PLC
14 August 2017
Filtronic plc
New supply agreement worth approximately 4.8 million
Filtronic plc (AIM: FTC), the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market and adjacent markets, is pleased to announce that its Filtronic Broadband business has secured a second multi-year supply agreement with a major European defence equipment manufacturer for the supply of specialist high frequency transmit and receive modules for a defence related aerospace application.
The three-year agreement is expected to generate revenues totalling approximately 4.8 million. Production of the modules will take place at our certified highly automated manufacturing facility in Sedgefield, UK and is expected to commence in H1 FY2018. The agreement provides for additional volumes should our customer secure follow-on project wins with its end-customers.
Rob Smith, Filtronic plc's CEO commented "We are delighted to have been selected to work on this project. This is Filtronic Broadband's second major business win in the defence and aerospace sector and along with other smaller contracts, demonstrates our commitment to diversify the customer base and markets we serve, to become a major supplier of advanced communications components and sub-systems to this and other adjacent markets."
Enquiries:
Filtronic plc 
Tel. 0113 220 0000
Rob Smith (CEO)
Tel. 07810 774 688
Maura Moynihan (Company Secretary)
Tel. 01274 535 619


Panmure Gordon (UK) Limited
Tel. 020 7886 2500
Dominic Morley / Alina Vaskina (Corporate Finance)
Erik Anderson / Tom Salvesen (Corporate Broking)



Walbrook PR Limited
Tel. 020 7933 8780 or filtronic@walbrookpr.com
Paul Cornelius
Helen Cresswell
Mob. 07866 394 707
Mob. 07841 917 679
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 company news service from the London Stock Exchange
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