UK tech firm Filtronic soars after new SpaceX contract British communication equipment firm Filtronic has secured a new contract with Elon Musk’s SpaceX, worth almost £17 million.
The London-listed defence and telecoms business said the deal with the aerospace firm was worth 20.9 million dollars (£16.8 million).
Nat Edington, chief executive of the business, 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.
Filtronic said strong orders from SpaceX had helped to drive sales higher, as it saw technology developments continue to progress.
It also swung to a £6.8 million operating profit for the half-year, from a £0.4 million loss a year earlier.
