New UK Defence Contract Award & Notice of Results

RNS Number : 3208L

Filtronic PLC

12 January 2021

 

12 January 2021

Filtronic plc

 ("Filtronic")

NEW UK DEFENCE CONTRACT WIN

&

NOTICE OF RESULTS

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the critical communications, wireless telecom and aerospace & defence markets, is pleased to announce a significant contract win from a new major UK defence customer for the supply of battlefield radio communications hardware valued at over £1 million.

The contract is for the design and supply of field units over a 12-month period with final product delivery expected to commence in the second half of CY2021. It will enable Filtronic to demonstrate the ability to provide turnkey Radio Frequency ("RF") communication solutions for critical defence programmes. Filtronic will develop and validate a prototype solution which will then transition into low volume manufacturing.

Richard Gibbs, CEO, commented: "We are delighted to have secured this significant new order as it underlines the customer's confidence in our ability to deliver this type of challenging and complex programme. With our deep understanding of RF communication and our in-house design and manufacturing facility, it is pleasing to start the calendar year with a contract win for both a new product and new customer. Filtronic is well positioned to win further UK defence contracts."

Filtronic will announce its half-year results for the six months ended 30 November 2020 on 2 February 2021.

Enquiries:

Filtronic plc	Tel. [phone] or [e-mail]
Richard Gibbs (Chief Executive Officer)
Michael Tyerman (Chief Financial Officer)
finnCap Limited	Tel. [phone]
Jonny Franklin-Adams / Kate Washington (Corporate Finance)
Alice Lane / Sunila de Silva (ECM)
Walbrook PR Limited	Tel. [phone] or [e-mail]
Paul Vann/Nick Rome	Mob. [phone]

Notes:

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

 

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