Filtronic (LON: FTC) shares rose more than 5% early on Monday to 172.5p following news of a new £13.4 million contract in the aerospace and defence sector.
The news saw FTC shares break through the key 170p mark, a level that had previously acted as technical resistance. However, whether it can close above is another question, given its previous failure to do so.
The AIM-listed designer and manufacturer of advanced RF solutions said the deal involves supplying high-performance modules for an electronic sensor system, with deliveries set to begin in mid-2026.
WELCOME BONUS - Free Share Bundle When You Invest £50!
Open a UK Investment Account: Shares, ISAs, Managed Portfolio
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
IG
View Offers
Empfohlener Broker
Multi Asset Platform
The components will be manufactured and tested at Filtronic’s new secure hybrid microelectronics facility in Sedgefield, County Durham.
“This latest order reflects Filtronic’s proven track record of successful project delivery, collaborative partnerships, and manufacturing excellence,” said Chief Executive Officer Nat Edington. “Aerospace and defence remains a key sector in our growth strategy.”
According to the company, the contract includes both advanced manufacturing and rigorous testing of critical components.
Edington added that the company is proud to continue strengthening its defence portfolio. He believes it “highlights the market’s ongoing confidence in our ability to execute complex programmes to the highest standards.”
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
- IG Top-tier regulation – Read our Review
- eToro Wide range of instruments available to trade – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
