Filtronic PLC New Contract Award (0543S)

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. [phone] or [e-mail] 
 Reg Gott (Executive Chairman) 
 Michael Tyerman (Chief Financial 
  Officer) 
 
 finnCap Limited                    Tel. [phone] 
 Jonny Franklin-Adams / Hannah Boros (Corporate Finance) 
 Alice Lane / Sunila de Silva 
  (ECM) 
 
 Walbrook PR Limited                Tel. [phone] or [e-mail] 
 Paul Vann                          Mob. [phone] 
 

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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July 06, 2020 02:00 ET (06:00 GMT)