Filtronic (FTC)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 50.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 54.00
  • 52 Week Low: 11.00
  • Currency: UK Pounds
  • Shares Issued: 217.12m
  • Volume: 218,405
  • Market Cap: £108.56m
  • RiskGrade: 247
  • Beta: 0.06

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 50.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 54.00
52 Week Low 11.00
Volume 218,405
Shares Issued 217.12m
Market Cap £108.56m
Beta 0.06
RiskGrade 247

Filtronic Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.18% below the market average59.18% below the market average59.18% below the market average59.18% below the market average59.18% 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
13.07% below the market average13.07% below the market average13.07% below the market average13.07% below the market average13.07% below the market average
44% below the sector average44% below the sector average44% below the sector average44% below the sector average44% below the sector average

Filtronic Dividends

No dividends found

Trades for 02-May-2024

Time Volume / Share Price
14:35 60,607 @ 49.51p
16:20 10,000 @ 49.55p
15:47 927 @ 50.00p
15:33 10,000 @ 49.94p
15:09 3,992 @ 50.00p

Filtronic Key Personnel

CFO Michael Tyerman
CEO Richard Gibbs

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