Filtronic Secures Major Contract with SpaceX
Why we think this is very good
The RNS announcement of a significant new contract win with SpaceX, valued at £16.8m, is a very positive development for Filtronic. The contract, which will be fulfilled over the next two financial years, is expected to drive substantial revenue and profit growth, exceeding the company's current market expectations. The CEO's comments further reinforce the company's growing momentum and increased confidence in its ability to exceed growth targets. There are no negative factors mentioned, and the scale and strategic nature of the contract suggest it could be transformational for Filtronic's business.
Key Points
- Filtronic secures £16.8m contract with SpaceX
- Contract to be fulfilled over FY2025 and FY2026
- Board confident of exceeding current market expectations for revenue and profit
- Contract win alongside growing momentum in strategic markets
Summary
Filtronic plc has announced a significant new contract win with SpaceX valued at £16.8m, to be fulfilled in both FY2025 and FY2026. The Board is now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026. This contract, alongside the company's growing momentum in strategic markets, provides increased confidence in Filtronic's ability to exceed its growth targets.