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 secures £4.5m contract with 'major UK Defence prime'

By Iain Gilbert

Date: Tuesday 19 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Radiofrequency communications products group Filtronic has secured a new contract win for the development and manufacture of advanced RF electronic modules for a "major UK Defence prime".
Filtronic said on Tuesday that the £4.5m contract win includes a product qualification phase, starting in January 2024, with the delivery of final production units scheduled over 12 months starting Q4 2024.

The AIM-listed group highlighted that it was an "established supplier" of advanced microwave filter and RF solutions to the defence market and that it has "a proven track record" of delivering high-reliability RF components, hybrids, multi-chip modules and sub-systems for "demanding" aerospace and defence applications.

Chief executive Richard Gibbs said: "We have been working closely with the new customer over several years and this contract win represents a successful collaboration between the MoD, the customer, Filtronic and PRFI, a leading UK-based technical design consultancy providing monolithic microwave integrated circuits services.

"It is yet another example of Filtronic's ability to support the UK Defence Industry with a sovereign supply chain for advanced semiconductor packaging solutions that are optimised for both thermal and radio frequency performance".

As of 1120 GMT, Filtronic shares were up 6.41% at 20.75p.









Reporting by Iain Gilbert at 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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