New Contract Win

RNS Number : 4693B

Filtronic PLC

21 September 2018

 

Filtronic plc (the "Company")

New Contract Win

Filtronic plc (AIM: FTC), the designer and manufacturer of antennas, filters and mmWave products for the wireless telecoms and critical communications markets, is pleased to announce that it has entered into a new multi-year supply agreement with a major European defence contractor to provide state of the art microwave modules for use in aerospace radar systems.  The agreement is subject to a production process qualification.

Under the terms of the Agreement Filtronic will manufacture and test the modules at its advanced mmWave centre of excellence in Sedgefield, UK. The multi-year contract has an anticipated potential value in the region of £3.0m to £5.7m dependent on the final volumes delivered over the duration of the Agreement.

Rob Smith, CEO, said: "We are delighted to have been selected as a supplier of these modules to this prestigious customer. We have worked hard to develop opportunities in the defence and aerospace market and this contract flows from the successful ramp of our other defence contracts. This further underwrites our growing credibility in this important market."

Enquiries:

Filtronic plc                                                                        Tel. [phone]

Rob Smith (CEO)                                                                Mob. [phone]

Michael Tyerman (Finance Director)                             Mob. [phone]

Panmure Gordon (UK) Limited                                      Tel. [phone]

Dominic Morley / Alina Vaskina (Corporate Finance)

Erik Anderson (Corporate Broking)

Walbrook PR Limited                                                       Tel. [phone] or [e-mail]

Paul Cornelius                                                                    Mob. [phone]

Sam Allen                                                                            Mob. [phone]

Notes:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

 

END

 

 

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