Filtronic (FTC)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

135.50p
   
  • Change Today:
    -10.50p
  • 52 Week High: 146.00p
  • 52 Week Low: 59.00p
  • Currency: UK Pounds
  • Shares Issued: 219.00m
  • Volume: 5,948,131
  • Market Cap: £296.75m
  • RiskGrade: 247
  • Beta: 0.00

Filtronic wins $4.25m satellite communications contract

By Josh White

Date: Thursday 21 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Aerospace, defence and space products manufacturer Filtronic announced a significant contract win with a top-tier global provider in the realm of low earth orbit (LEO) satellite communications equipment on Thursday.
The AIM-traded firm said the contract, valued at $4.25m (£3.4m), pertained to the provision of Filtronic's Cerus32 solid-state power amplifier (SSPA) module, complemented by a tailor-made control board.

It said the SSPA modules were set to be integrated into selected ground stations, marking the second phase of the client's earth station antenna rollout.

The primary goal would be to achieve complete E-band connectivity with the recently introduced E-band enabled LEO satellites.

That, the board said, would mark a pioneering move, as it would be the inaugural instance of high bandwidth E-band frequencies being used on such a broad scale in a global LEO commercial space venture.

"Having successfully delivered phase one of their E-band earth station antenna installation earlier this year, we are delighted to continue our collaboration with one of the leading global providers of LEO space solutions in the second phase of their E-band deployment programme," said chief executive officer Richard Gibbs.

"We are also pleased that the customer has selected the Cerus32 module from our technology roadmap for this next phase of their roll-out.

"The Cerus32 product provides higher performance, in a smaller and scalable form factor, and the option to further enhance output powers as next-generation compound semiconductor technology becomes available later this year."

At 1316 BST, shares in Filtronic were up 4.06% at 16.65p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Filtronic Market Data

Currency UK Pounds
Share Price 135.50p
Change Today -10.50p
% Change -7.19 %
52 Week High 146.00p
52 Week Low 59.00p
Volume 5,948,131
Shares Issued 219.00m
Market Cap £296.75m
Beta 0.00
RiskGrade 247

Filtronic Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.78% below the market average91.78% below the market average91.78% below the market average91.78% below the market average91.78% below the market average
91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average
Price Trend
98.49% above the market average98.49% above the market average98.49% above the market average98.49% above the market average98.49% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
99.22% above the market average99.22% above the market average99.22% above the market average99.22% above the market average99.22% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

Filtronic Dividends

No dividends found

Trades for 06-Jun-2025

Time Volume / Share Price
15:47 50,000 @ 137.50p
15:46 50,000 @ 138.00p
15:45 50,000 @ 138.00p
15:27 50,000 @ 138.75p
16:05 26,920 @ 137.00p

Filtronic Key Personnel

CFO Michael Tyerman
CEO Nat Edington

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