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Highlights

  • Filtronic received its largest-ever order, worth USD 32.5 million, from SpaceX for E-band amplifiers.
  • The company expects to exceed FY2026 revenue expectations following the SpaceX order.
  • Filtronic has vested 9.96% of share capital in warrants under its strategic partnership with SpaceX.

Filtronic plc (LSE:FTC) designs and manufactures RF, microwave, and millimetre-wave components and subsystems for the aerospace, space, defence, and telecommunications infrastructure markets

The company has announced a significant follow-on order from SpaceX for its E-band Cerus 32 Solid State Power Amplifier (SSPA). The order, valued at USD 32.5 million (GBP 24.0 million), represents the company’s largest single contract to date and is expected to be largely fulfilled in the financial year ending 2026 (FY2026).

The award falls under the strategic partnership agreement between Filtronic and SpaceX, a leading provider of Low Earth Orbit (LEO) satellite technology. The framework agreement, last extended in March 2025, governs long-term supply and collaboration terms between the two companies. Filtronic’s Cerus 32 SSPAs are designed for high-frequency, high-throughput applications commonly used in space communications systems.

According to Filtronic, the order reflects the continued demand for its E-band amplifier technology and follows a series of previous contracts with SpaceX under the same partnership. The cadence and scale of these orders have led the company’s board to revise its revenue outlook for FY2026, now expecting to exceed current market expectations.

As a result of the new order, 10,949,079 share warrants related to the March 2025 strategic extension have vested. These warrants represent approximately 5% of Filtronic’s current share capital. In total, 21,805,054 share warrants representing 9.96% of the company’s issued share capital have now vested. A further 4.96% of share capital remains subject to performance conditions, particularly linked to new technology development.

Filtronic noted it continues to invest in its technology roadmap to meet emerging demand across a range of sectors including satellite communications, aerospace, and defence. While the company did not provide detailed guidance on FY2026 margins or delivery schedules, the order is expected to support increased production activity in the coming year.