Filtronic Plc (FTC.L), a communication equipment maker, said on Monday that it has bagged a new contract of $20.9 million from SpaceX. The contract will be delivered in both the 2025 and 2026 financial years.
Consequently, for both 2025 and 2026, the Board is now confident that the business will exceed current market expectations for revenue and profit.
Nat Edington, CEO of Filtronic, said: "This contract, alongside our growing momentum in strategic markets, provides us with increased confidence in our ability to exceed our growth targets for FY2025 and FY2026."
FTC was trading up by 13.38 percent at 105 pence per share on the London Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
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.