Shares of Filtronic skyrocketed 11% in early Tuesday trading on the US stock market following the announcement of a landmark £47.3 million order for Gallium Nitride (GaN) E-band products from SpaceX. As a premier provider of high-performance RF communication solutions tailored for telecom infrastructure and mission-critical communication markets, this order stands as the largest single transaction in Filtronic's illustrious history. The deal is anticipated to yield substantial revenue streams for Filtronic in fiscal years 2027 and 2028.
Filtronic, renowned for its expertise in designing and manufacturing cutting-edge RF solutions for the aerospace, defense, space, and telecom infrastructure sectors, has further solidified its market leadership position through this strategic collaboration. This milestone underscores the company's commitment to innovation and its ability to meet the evolving demands of the global communication landscape.