Last close As at 09/11/2026
GBP3.92
▲ 7.00 (1.82%)
Market capitalisation
GBP87m
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Research: TMT
Filtronic has announced a $3m follow-on contract with its undisclosed US-based satellite communications customer. The award is to support procurement of long lead-time components and is the next step towards full commercial sales for the development contract originally signed in March 2026. We view this contract as supportive of our FY28 forecasts and a positive sign that Filtronic is moving closer to volume production with this customer. It also confirms the company’s strength in the space market and further progress in reducing the concentration of its largest customer.