Filtronic (FTC)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

47.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 49.00
  • 52 Week Low: 11.00
  • Currency: UK Pounds
  • Shares Issued: 217.12m
  • Volume: 1,208,448
  • Market Cap: £102.05m
  • RiskGrade: 247

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 47.00p
Change Today -0.50p
% Change -1.05 %
52 Week High 49.00
52 Week Low 11.00
Volume 1,208,448
Shares Issued 217.12m
Market Cap £102.05m
RiskGrade 247

Filtronic Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.42% below the market average58.42% below the market average58.42% below the market average58.42% below the market average58.42% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average100.00% 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
12.77% below the market average12.77% below the market average12.77% below the market average12.77% below the market average12.77% below the market average
36% below the sector average36% below the sector average36% below the sector average36% below the sector average36% below the sector average

Filtronic Dividends

No dividends found

Trades for 26-Apr-2024

Time Volume / Share Price
16:15 42,176 @ 47.40p
17:06 25,000 @ 47.00p
16:23 5,322 @ 46.90p
15:23 30,000 @ 47.00p
16:15 526 @ 46.88p

Filtronic Key Personnel

CFO Michael Tyerman
CEO Richard Gibbs

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