Filtonic secures €7m contract for satellite tech with unnamed European aerospace manufacturer
Communications technology firm, Filtronic, has secured a major new contract with an unnamed European aerospace manufacturer.
The contract, which is valued in excess of €7m (£6m), will see Filtronic supply radio frequency technology for use in a major Low Earth Orbit satellite constellation programme.
The company said in an announcement to the London Stock Exchange that the deal represents a “significant commitment to be delivered over the next three years”.
Nat Edington, chief executive officer of Filtronic, said: "This contract highlights our increasing diversification across customers within the space markets and reflects the trust placed in Filtronic's capability to deliver at scale for the most demanding space applications.
“As demand for satellite connectivity continues to grow, this is another milestone in Filtronic's mission to support the growing satellite market for Non-Terrestrial Networks, Mobile Satellite Services, and Direct-to-Device connectivity."
The deal will see Filtronic supply technology engineered to withstand the “demanding conditions of the space environment” at Low Earth Orbit. Filtronic added that the deal “deepens” its engagement with a relatively new customer.
Filtronic designs and manufactures advanced radio frequency solutions for the space, aerospace, defence and telecoms infrastructure sectors.
The firm was founded by Leeds University professor, David Rhodes, in the 1970s.
The latest deal comes after the company said last week in a trading update that it was in a “good position” to meet market expectations.
Ahead of its annual general meeting, Filtronic told investors that it had seen “continued progress” over recent months, despite headwinds related to the weakness of the dollar against the pound.
The firm added in a statement: “Overall, the group's healthy sales pipeline, increased customer engagement with both new and existing clients across key markets and robust order book leave Filtronic in a good position to meet market expectations for the full year, despite headwinds from weakness of the US dollar against sterling.”
Earlier this year, Filtronic announced its largest order to date, after it forged a deal with Elon Musk’s SpaceX. August saw the firm announce a £47m deal with SpaceX, through which it will supply its gallium nitride E-band technology for use in satellite communications.