Filtronic: Defence firm pens huge deal with Elon Musk’s SpaceX

cityam

10 Feb

A SpaceX Falcon 9 rocket with the Crew Dragon Resilience capsule, carrying the crew of the Polaris Dawn Mission, lifts off from Launch Complex 39A at Kennedy Space Center in Cape Canaveral, Florida (Photo by CHANDAN KHANNA / AFP) (Photo by CHANDAN KHANNA/AFP via Getty Images)

British defence and telecoms firm Filtronic has penned a further multi-million-pound deal with SpaceX, the aerospace behemoth owned by Elon Musk.

The company won a contract with SpaceX, worth almost £17m for the financial years 2025 and 2026, according to the firm, which made the announcement to markets this morning.

Filtronic, which designs and makes products for the aerospace, defence and telecoms market, said after the contract that it is “now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026”.

Last week, the company announced stellar results with revenue of £25.6m for the first half of the financial year for 2025, up from £8.5m.

Its earnings were at £8.7m, up from just £0.2m, while it wiped out a loss of £0.4m to make £6.8m in operating profit.

It attributed the strong figures to orders from SpaceX, with today’s contract win a deepening of the relationship.

Filtronic and SpaceX signed initial deals in August and July 2024, worth £6.4m and £7.1m, respectively, including for technology “to support the ongoing deployment of SpaceX’s Starlink”.

Nat Edington, chief executive officer, said: “We are delighted to have secured this substantial order, which underscores Filtronic’s reputation for delivering high-performance RF solutions to our market leading customer. “

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https://www.cityam.com/wp-content/uploads/2025/02/1109-Polaris-Dawn-SpaceX-rocket.jpg?resize=75,50 75w\" width=\"742\"/> <figcaption>A SpaceX Falcon 9 rocket with the Crew Dragon Resilience capsule, carrying the crew of the Polaris Dawn Mission, lifts off from Launch Complex 39A at Kennedy Space Center in Cape Canaveral, Florida (Photo by CHANDAN KHANNA / AFP) (Photo by CHANDAN KHANNA/AFP via Getty Images)</figcaption> </figure><p>British defence and telecoms firm Filtronic has penned a further multi-million-pound deal with SpaceX, the aerospace behemoth owned by Elon Musk.</p><p><span>The company won a contract with SpaceX, worth almost £17m for the financial years 2025 and 2026, according to the firm, which made the announcement to markets this morning.</span></p><p>Filtronic, which designs and makes products for the aerospace, defence and telecoms market, said after the contract that it is “now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026”.</p><p>Last week, the company announced stellar results with revenue of £25.6m for the first half of the financial year for 2025, up from £8.5m.</p><div>\n<div></div>\n</div><p>Its earnings were at £8.7m, up from just £0.2m, while it wiped out a loss of £0.4m to make £6.8m in operating profit.</p><p>It attributed the strong figures to orders from SpaceX, with today’s contract win a deepening of the relationship.</p><p>Filtronic and SpaceX signed initial deals in August and July 2024, worth £6.4m and £7.1m, respectively, including for technology “to support the ongoing deployment of SpaceX’s Starlink”.</p><p>Nat Edington, chief executive officer, said: “We are delighted to have secured this substantial order, which underscores Filtronic’s reputation for delivering high-performance RF solutions to our market leading customer. “</p><div>\n<div></div>\n</div></body></html>","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta 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SpaceX\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-10 15:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/filtronic-defence-firm-pens-huge-deal-with-elon-musks-spacex/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A SpaceX Falcon 9 rocket with the Crew Dragon Resilience capsule, carrying the crew of the Polaris Dawn Mission, lifts off from Launch Complex 39A at Kennedy Space Center in Cape Canaveral, Florida (...</p>\n\n<a href=\"https://www.cityam.com/filtronic-defence-firm-pens-huge-deal-with-elon-musks-spacex/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DXYZ","symbol_name":"Destiny Tech100 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markets this morning.Filtronic, which designs and makes products for the aerospace, defence and telecoms market, said after the contract that it is “now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026”.Last week, the company announced stellar results with revenue of 25.6m for the first half of the financial year for 2025, up from 8.5m.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DXYZ":"Destiny Tech100 Inc"},"translate_title":"Filtronic：国防公司与埃隆·马斯克(Elon Musk)的SpaceX达成巨额交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DXYZ":1},"content_text":"A SpaceX Falcon 9 rocket with the Crew Dragon Resilience capsule, carrying the crew of the Polaris Dawn Mission, lifts off from Launch Complex 39A at Kennedy Space Center in Cape Canaveral, Florida (Photo by CHANDAN KHANNA / AFP) (Photo by CHANDAN KHANNA/AFP via Getty Images) British defence and telecoms firm Filtronic has penned a further multi-million-pound deal with SpaceX, the aerospace behemoth owned by Elon Musk.The company won a contract with SpaceX, worth almost £17m for the financial years 2025 and 2026, according to the firm, which made the announcement to markets this morning.Filtronic, which designs and makes products for the aerospace, defence and telecoms market, said after the contract that it is “now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026”.Last week, the company announced stellar results with revenue of £25.6m for the first half of the financial year for 2025, up from £8.5m.\n\nIts earnings were at £8.7m, up from just £0.2m, while it wiped out a loss of £0.4m to make £6.8m in operating profit.It attributed the strong figures to orders from SpaceX, with today’s contract win a deepening of the relationship.Filtronic and SpaceX signed initial deals in August and July 2024, worth 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