Filtronic PLC New Contract Award (0543S)
July 06 2020 - 2:00AM
UK Regulatory
TIDMFTC
RNS Number : 0543S
Filtronic PLC
06 July 2020
6 July 2020
Filtronic plc
(the "Company" or "Filtronic")
CONTRACT WIN
Filtronic plc (AIM: FTC), the designer and manufacturer of
products for the critical communications, wireless telecoms and
defence & aerospace markets, is pleased to announce a
significant contract win from its lead defence and aerospace
customer for the supply of high performance Transmit-Receive
Modules (TRM's) for airborne applications.
The order, valued at GBP4.9 million, is for the supply of these
modules over a two-year period and delivery is expected to commence
in August 2020. This order is a follow-on contract to the supply
contract signed in 2017, which concluded in June 2020 but is for a
new end-client of our customer. These modules will be manufactured
at our highly automated state-of-the-art hybrid microelectronics
manufacturing operation in Sedgefield, County Durham.
Reg Gott, Executive Chairman, commented: We are delighted to
have received this significant new order as it also underlines our
customer's confidence in our ability to deliver this new and
challenging programme. As identified in our Trading Update issued
on the 30(th) June, we recently placed a number of manufacturing
staff on furlough as a consequence of certain order confirmation
delays, so we are very happy indeed that confirmation of this order
will enable us to welcome some of these colleagues back to the
business.
Enquiries:
Filtronic plc Tel. 0113 220 0000 or investor.relations@filtronic.com
Reg Gott (Executive Chairman)
Michael Tyerman (Chief Financial
Officer)
finnCap Limited Tel. 020 7220 0500
Jonny Franklin-Adams / Hannah Boros (Corporate Finance)
Alice Lane / Sunila de Silva
(ECM)
Walbrook PR Limited Tel. 020 7933 8780 or filtronic@walbrookpr.com
Paul Vann Mob. 07866 394 707
Notes:
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
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END
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