
Filtronic shares soar as defence firm pens fresh deal with Elon Musk’s SpaceX
- by City A.M.
- Feb 10, 2025
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A SpaceX Falcon 9 rocket with the Crew Dragon Resilience capsule, carrying the crew of the Polaris Dawn Mission, lifts off from Launch Complex 39A at Kennedy Space Center in Cape Canaveral, Florida (Photo by CHANDAN KHANNA / AFP) (Photo by CHANDAN KHANNA/AFP via Getty Images)
British defence and telecoms firm Filtronic has penned a further multi-million-pound deal with SpaceX, the aerospace behemoth owned by Elon Musk.
The company won a contract with SpaceX, worth almost £17m for the financial years 2025 and 2026, according to the firm, which made the announcement to markets this morning.
Filtronic, which designs and makes products for the aerospace, defence and telecoms market, said after the contract that it is “now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026”.
Following the new deal, its shares boomed by 11.92 per cent.
Last week, the company announced stellar results with revenue of £25.6m for the first half of the financial year for 2025, up from £8.5m.
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