Filtronic Shares Rise: Secures £7m Authorisation From Major European Defence Prime

Filtronic plc (AIM: FTC), a designer and manufacturer of advanced RF solutions, has received an Authorisation to Proceed (ATP) for approximately £7 million from a major European defence prime.

This win underscores Filtronic’s strengthening position within the defence sector and its ability to deliver high-performance technology for mission-critical applications.

Following the announcement, Filtronic shares have climbed over 3% to 147.5p. After a strong rally in the first half of the year, FTC shares pulled back. However, in the last two weeks the stock looks to be attempting another run higher.

The ATP authorizes Filtronic to commence work on the project, with purchase order conversion expected in Q1 2026. The total contract value is anticipated to reach £11 million over a two-year period.

This long-term commitment from a key European defence customer demonstrates confidence in Filtronic's advanced RF solutions and its ability to meet the stringent requirements of the defence market.

Production for this contract will be based at Filtronic's new secure, automated microelectronics facility in Sedgefield.

This facility is designed to support efficient, high-volume manufacturing of complex RF modules, critical for demanding defence applications. The company's investment in this facility is paying dividends, enabling it to secure and fulfill large contracts.

Nat Edington, Chief Executive Officer, stated: “This latest win deepens our engagement with a key European defence customer and strengthens Filtronic's position in the defence sector, a growing market for the Group. As we invest in capability and capacity, Filtronic is increasingly well positioned to support long-term demand for advanced RF solutions in the defence market.”