FTC Filtronic Plc

TIDMFTC

RNS Number : 8384N

Filtronic PLC

14 August 2017

Filtronic plc

New supply agreement worth approximately GBP4.8 million

Filtronic plc (AIM: FTC), the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market and adjacent markets, is pleased to announce that its Filtronic Broadband business has secured a second multi-year supply agreement with a major European defence equipment manufacturer for the supply of specialist high frequency transmit and receive modules for a defence related aerospace application.

The three-year agreement is expected to generate revenues totalling approximately GBP4.8 million. Production of the modules will take place at our certified highly automated manufacturing facility in Sedgefield, UK and is expected to commence in H1 FY2018. The agreement provides for additional volumes should our customer secure follow-on project wins with its end-customers.

Rob Smith, Filtronic plc's CEO commented "We are delighted to have been selected to work on this project. This is Filtronic Broadband's second major business win in the defence and aerospace sector and along with other smaller contracts, demonstrates our commitment to diversify the customer base and markets we serve, to become a major supplier of advanced communications components and sub-systems to this and other adjacent markets."

Enquiries:

 
 Filtronic plc                   Tel. 0113 220 0000 
 Rob Smith (CEO)                 Tel. 07810 774 688 
 Maura Moynihan (Company         Tel. 01274 535 619 
  Secretary) 
 
 Panmure Gordon (UK) Limited     Tel. 020 7886 2500 
 Dominic Morley / Alina 
  Vaskina (Corporate Finance) 
  Erik Anderson / Tom Salvesen 
  (Corporate Broking) 
 
 Walbrook PR Limited             Tel. 020 7933 8780 or 
                                  filtronic@walbrookpr.com 
 Paul Cornelius                  Mob. 07866 394 707 
  Helen Cresswell                 Mob. 07841 917 679 
 

Notes:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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