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Filtronic PLC - Sedgefield, England-based maker of advanced micro electronics - Says a ‘major European defence prime’ contractor, which it doesn’t name, has authorised Filtronic to begin work on the next phase of a long-running electronic sensor programme. The initial ’authorisation to proceed’ is worth around £7 million ahead of full purchase-order conversion expected in the first quarter of 2026, with the total contract valued about £11 million over two years. Production will take place at Filtronic’s new secure microelectronics facility in Sedgefield.
Chief Executive Officer Nat Edington says: ‘This latest win deepens our engagement with a key European defence customer and strengthens Filtronic’s position in the defence sector, a growing market for the group. As we invest in capability and capacity, Filtronic is increasingly well positioned to support long-term demand for advanced RF solutions in the defence market.’
Current stock price: 147.69 pence, up 3.3% in London on Monday
12-month change: up 92%
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