Filtronic plc, a leading designer and manufacturer of products for aerospace, defence, space, and telecoms infrastructure markets, has announced a new production order from SpaceX valued at $8.4 million.
This order continues the demand for Filtronic’s E-band solid state power amplifier (SSPA) modules, crucial components in SpaceX’s Starlink satellite constellation.
The irrevocable order is set to be fulfilled in the calendar year 2025, prompting Filtronic to upgrade trading projections to be ahead of current market expectations for FY2025.
This latest contract win falls under the Strategic Partnership agreement signed in April 2024.
“We are delighted to receive another production order from our partner, SpaceX, as we continue to support the deployment of the Starlink constellation with E-band technology,” said Nat Edington, Chief Executive Officer of Filtronic.
The order has triggered SpaceX’s vesting of an additional 2,171,211 share warrants as part of the long-term partnership established between SpaceX and Filtronic earlier this year.
This brings the total number of vested warrants under the first tranche to 10,856,055, reaching the maximum 5% of the company’s share capital as stipulated in the agreement. With this milestone, Filtronic confirms that future E-band SSPA orders from SpaceX will no longer result in further warrant vestings under this tranche.