Filtronic Plc (FTC.L), a designer and maker of products for the aerospace, defence, telecoms, and others said on Tuesday that it has received a follow-on production order from SpaceX of $9 million.
The company said that the order, to be fulfilled this financial year, represents a continuation of demand for the E-band solid state power amplifier modules to support the ongoing deployment of SpaceX's Starlink constellation.
The order has been placed under a strategic partnership signed in April, with the vesting of a further 2.171 million share warrants.
Under the terms, the company issued two separate tranches of warrants with this vesting of warrants being part of tranche 1.
Tranche 1 relates to the supply of E-band SSPAs with a total of 8.684 million share warrants now vested to date, representing 4 percent, of the maximum 5 percent, of company's share capital at the time of the signed agreement.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.