REG - Filtronic PLC - New $62.5m order with SpaceX

FiltronicAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250826:nRSZ5182Wa&default-theme=true

RNS Number : 5182W  Filtronic PLC  26 August 2025

 

26 August 2025

Filtronic plc

("Filtronic" or "the Company")

 

Filtronic secures $62.5m order with SpaceX for next generation technology

High power GaN solution to enhance low Earth orbit satellite connectivity

Filtronic plc (AIM: FTC), the designer and manufacturer of advanced RF
solutions for the space, aerospace and defence, and telecoms infrastructure
markets, is pleased to announce that it has secured its largest single order
to date of £47.3m ($62.5m) from SpaceX, for the Company's next generation,
proprietary gallium nitride ("GaN") E-band product.

The first production units from this contract will ship in FY2027 and are
expected to deliver material revenues in FY2027 and FY2028. In recognition of
SpaceX agreeing to this substantial order of new technology, the warrants
relating to the original Strategic Partnership agreement for next technologies
(Tranche 2) have been extended to include E Band GaN alongside other bands in
development. The vesting criteria has also been amended to double the volume
of products required for full vesting and now vests on product delivery rather
than on the placement of the purchase order, ensuring closer strategic
alignment in the outlook period.

The contract is the first GaN product from Filtronic's next generation product
lines, delivering more than double the output power of the existing gallium
arsenide ("GaAs") product line. GaN processes enable higher power, improved
efficiency, and greater thermal performance-critical advantages for satellite
communications and aerospace and defence applications.

The successful development of this GaN solution reflects Filtronic's technical
leadership and ability to overcome complex design and manufacturing challenges
associated with high-power mmWave systems, including advanced packaging and
thermal management. The result is a high-performance product that sets a new
benchmark for size, weight, power, and cost ("SWaP-C") in this frequency
domain.

Nat Edington, Chief Executive Officer, said: "We are extremely proud to
announce this landmark contract, which not only sets a new commercial record
for Filtronic, but also reflect the success of our partnership with
world-leading satellite company SpaceX, supporting the Starlink constellation.
GaN represents a transformative opportunity for the ground segment of LEO
communications, and this contract is further testament to the world-class
engineering talent of both teams working together."

Mike Nicholls, VP Engineering Starlink, said: "Filtronic is a valuable partner
to SpaceX, and has been an important contributor to the rollout and success of
the Starlink constellation. This next generation technology will provide
further benefits to our system and our customers' experience, and we're
excited to enter this next phase with Filtronic."

 

 

Enquiries:

 Filtronic plc                                                                  Tel. 01740 618800 or

                                                                                investor.relations@filtronic.com
 Nat Edington (Chief Executive Officer)
 Michael Tyerman (Chief Financial Officer)

 Cavendish Capital Markets Limited                                              Tel. 020 7220 0500
 Jonny Franklin-Adams, Isaac Hooper, Trisyia Jamaludin (Corporate Finance)

 Sunila de Silva (Corporate Broking)

 Alma Strategic Communications                                                  Tel. 020 3405 0205 or filtronic@almastrategic.com
                                                                                (mailto:filtronic@almastrategic.com)
 Caroline Forde, Hannah Campbell, Rose Docherty

 

Note: This announcement contains inside information which is disclosed in
accordance with the Market Abuse Regulation.

 

 

About Filtronic:

 

Filtronic is at the leading edge of advanced microelectronics globally,
specialising in the design and manufacture of mission-critical communication
networks. Operating from two global manufacturing sites and three engineering
centres of excellence, the company delivers solutions that span the full RF
spectrum. An extensive patent portfolio highlights Filtronic's ongoing drive
for innovation and technological leadership.

With a track record of over 45 years', Filtronic's technology is trusted
across high-performance sectors including space, aerospace, defence, telecoms
infrastructure and critical communications. The company develops core IP
building blocks and transforms them into highly customised solutions for
high-growth target markets. Filtronic's expertise enables seamless data
transmission, delivering greater bandwidth, lower latency and enhanced
connectivity.

 

Filtronic has successfully coupled this engineering expertise with investment
in state-of-the-art production equipment that enables the rapid transition of
a turn-key solution from product development to full scale, high quality
manufacturing, at volume. The strategic markets of LEO space, aerospace and
defence are the focus of current product development programmes, where
Filtronic can add significant value, realise long term sustainable margins and
deliver shareholder value.

Headquartered in Sedgefield, UK, Filtronic is listed on the AIM market of the
London Stock Exchange.

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
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTPKQBDABKDFFB