Filtronic PLC (LSE:FTC) has been selected by a leading European defence prime contractor to progress to the next phase of an electronic sensor programme, securing an Authorisation to Proceed valued at around £7 million.
The award forms part of a wider contract expected to be worth approximately £11 million over a two-year period. Work will be delivered from Filtronic’s new microelectronics manufacturing facility in Sedgefield, highlighting the company’s growing role in supplying advanced RF and electronic solutions to the defence sector.
Management said the contract underlines Filtronic’s capability to meet sustained demand for high-performance technology and further strengthens its position within a market benefiting from increased long-term defence spending. The programme also reflects confidence in the company’s operational scale-up and technical expertise.
Strong financial performance and recent contract momentum continue to support a positive outlook. While valuation metrics point to moderate pricing and the absence of a dividend remains a consideration, technical indicators suggest continued strength, with only limited concerns around near-term overbought conditions.
More about Filtronic
Filtronic is a specialist in advanced microelectronics, designing and manufacturing mission-critical communication and sensor systems. The company operates two global manufacturing facilities and three engineering centres, serving sectors including space, aerospace, defence and telecoms infrastructure. Filtronic is recognised for its innovation-led approach, deep technical expertise and extensive patent portfolio, delivering solutions that enhance connectivity and high-speed data transmission.
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