AGM Trading Update and GEO constellation contract. Summary by AI [BETA] close X. Filtronic plc announced strong order flow for FY2027, including its largest-ever order of $68.1m (£51.3m) from SpaceX for E-band GaN SSPAs, and two further contracts totalling $16.0m (£11.1m) with a US customer for satellite prototype units. The company has also secured its first contract, valued at $0.3m, with a US satellite manufacturer for Ka-band GEO satellite development, and has completed its first Digital Intermediate Frequency product. In defence, Filtronic secured three new contracts worth £2.1m for airborne radar systems and a £2m grant from UKDI for chipset technology development, positioning the company for continued growth with significant revenue visibility. Filtronic PLC 30 October 2026 Filtronic plc ("Filtronic" or the "Company") AGM Trading Update and GEO constellation contract award. Filtronic plc (AIM: FTC), a designer and manufacturer of advanced RF solutions for the space, aerospace and defence, and telecoms infrastructure markets, is pleased to provide the following update ahead of its Annual General Meeting, being held at 11.00am today. Strong cadence of order flow in FY2027 The Company has maintained its commercial traction into FY2027, with significant new orders, expanding customer relationships and continued progress in its technology roadmap. These developments reinforce the Group's strategy to capitalise on the growing space market, strengthen its position in the defence sector and move up the value chain by delivering increasingly sophisticated, higher-value RF systems to a diversified customer base. At the beginning of October, Filtronic secured its largest-ever order, valued at $68.1m (£51.3m), from SpaceX for the supply of its Cerus E-band gallium nitride ("GaN") Solid State Power Amplifier ("SSPA") units. This landmark award further strengthens the Group's strategic relationship with SpaceX, demonstrates the scale of opportunity available in next-generation satellite communications and provides substantial forward order visibility. Filtronic also continues to broaden its presence with other customers across the satellite communications market. Since the start of FY2027, the Company has secured two further contracts, totalling $16.0m (£11.1m), with a US-based customer for the design, development and manufacture of prototype units for satellite deployment. These awards demonstrate progress in the relationship and underpin the Group's strategy to move beyond individual components into higher-value systems, increasing its contribution to customer programmes and creating wider opportunities for future growth. Integrated systems progress and new orbits Filtronic continues to translate its engineering expertise into more integrated solutions for increasingly complex customer requirements. The Company has recently completed development of its first 200W SSPA system, a much higher power unit generating 10x the power of the Cerus 32 Gallium Arsenide product, for use in medium Earth orbit ("MEO") and geostationary Earth orbit ("GEO") satellite constellations. This has been a key part of Filtronic's strategy to open the new orbits with Gallium Nitride technology. Already generating encouraging commercial interest, this is a tangible demonstration of the Group's strategy in action, creating opportunities to deliver higher-value solutions and expand its role in future satellite programmes. Reflecting this progress, the Company is pleased to announce its first contract award with a US satellite manufacturer operating GEO satellites in the Ka-band. The initial contract, valued at $0.3m, covers the development phase, with expected further orders leading to production volumes. Filtronic has also completed its first Digital Intermediate Frequency ("Di-Fi") product, recently demonstrated at Plugfest, a major industry testing event in Silicon Valley, where it attracted positive engagement. This milestone further broadens the Group's technology offering for next-generation communications systems. Continued progress in defence Alongside its strong performance in space, Filtronic continues to build its defence business and diversify its revenue base. The Company has secured three new contracts, with a combined value of £2.1m, to supply next-generation technology for airborne radar systems. These awards extend existing programme activity and build on the continued growth in defence revenues achieved in FY2026. In addition, the Company secured a £2m grant from UK Defence Innovation ("UKDI") in the first half of the financial year to advance its chipset technology roadmap for ground-based and satellite payload systems, supporting the development of advanced capabilities across both markets. Well-positioned for growth Filtronic continues to build on its commercial momentum, in space and defence, with further customer wins and new technologies opening additional opportunities, reinforcing delivery against the Group's strategy. The contracted order book gives significant revenue cover for the current financial year, as well as increased visibility for outer years. This provides the Board with confidence in delivering in line with market expectations. Enquiries: | Filtronic plc | Tel. 01740 618800 or [email protected] | | Nat Edington (Chief Executive Officer) | / | | Michael Tyerman (Chief Financial Officer) | / | | Cavendish (Nomad and Corporate broker) | Tel. 020 7220 0500 | | Giles Balleny, Isaac Hooper, Callum Davidson (Corporate Finance) | | Sunila de Silva (Corporate Broking) | / | | Berenberg (Joint broker) Tom Ballard, Harry Nicholas, Mark Whitmore, Brooke Harris-Lowing | Tel. 020 3207 7800 | | Alma Strategic Communications Caroline Forde, Hannah Campbell, Rose Docherty | Tel. 020 3405 0205 or [email protected] | | / | / | / | About Filtronic: Filtronic is a leading designer and manufacturer of advanced high-frequency solutions that enable the next generation of space, defence and telecommunications networks. Combining proprietary technology, deep engineering expertise and advanced manufacturing capabilities, the company develops mission-critical products that deliver exceptional performance in the world's most demanding operating environments. Founded in 1977, Filtronic has been at the forefront of RF innovation, developing core intellectual property and transforming it into highly engineered solutions that power advanced communications, connectivity and sensing applications. Its technologies support critical satellite infrastructure, defence platforms and high-capacity communications networks, helping customers solve increasingly complex engineering challenges. Trusted by many of the world's leading space, defence and telecommunications organisations, Filtronic works from concept development through to full-scale manufacturing, combining specialist engineering capability with precision production to deliver high-performance products at volume. The company's vertically integrated model, investment in next-generation technologies and long-standing customer relationships position it as a strategic partner in markets benefiting from long-term structural growth. With manufacturing operations and engineering centres of excellence in the UK and a global customer base, Filtronic is helping shape the future of secure, resilient and high-capacity communications on Earth and in space. Headquartered in Sedgefield, UK, Filtronic is listed on AIM, the London Stock Exchange's market for growth companies (AIM: FTC). This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. 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Filtronic > Insights > Blogs > Blog > From dependency to control: building sovereign satcom infrastructure in an uncertain world. By Mark Bown, Filtronic Satellite communication (satcom) networks have become part of critical national infrastructure. As geopolitical uncertainty grows and global alliances shift, it's never been more important for nations to take control of the satellite ecosystems their citizens and institutions depend on - from the hardware in orbit to the ground systems providing vital connections between Earth and space. Nationally important infrastructure Just like energy infrastructure, transport networks and IT systems, satcom networks are now regarded as critical national infrastructure. Satellite communications underpin vital systems that are critical for everyday life and national security - from mobile phone and broadband services to emergency response, defence and finance systems. That's why governments need to ensure satellite networks are afforded the same levels of protection as other more visible national assets. To achieve greater sovereignty in satellite communications, nations must invest in more than the satellites themselves and look to secure the systems and technologies that enable satellite connectivity - from radio frequency (RF) technologies and ground infrastructure to the supply chains that support them. Connectivity for everyday life The rapid growth of satellite constellations in very low earth orbit (VLEO), low earth orbit (LEO), medium earth orbit (MEO) and geostationary orbit (GEO) has transformed the capabilities of global communications networks - enabling continuous high-speed connectivity across the globe. To deliver this essential satellite connectivity, nations have typically relied on technology and systems from a few global providers, or on sharing infrastructure and expertise with other nations. Recent global events, and the threats to critical infrastructure on multiple fronts, have brought into sharp focus the importance of gaining greater control over the critical satcom infrastructure Filtronic rely on every day, and reducing its dependence on third-party systems and expertise. Vital role for ground segment While attention might naturally focus on the satellites themselves and the associated launch assets, an often overlooked but fundamental part of any satellite network is the ground segment. Incorporating gateway infrastructure, teleports, high-capacity RF links, digital networks and associated data routing, this ground-based infrastructure connects communications networks on Earth with satellites in multiple orbits - ensuring seamless high-speed connectivity between space-based hardware and systems on the ground. Without a resilient, robust and widely distributed ground infrastructure, satcom networks simply cannot function. Sovereignty means alliances, not isolation To provide the continuous connectivity required for critical communications, all technologies and components within a satellite ecosystem need to be compatible and interoperable, as well as providing the redundancy needed to ensure uninterrupted operation. While sovereignty over these systems may be the goal, in reality no single nation can source all of the technology, materials and expertise required for such fully integrated systems from within its own borders. For the UK, therefore, gaining sovereign control does not mean isolating ourselves from the rest of the world. Instead, it means working with trusted international partners to nurture secure and diversified satcom technology supply chains, supported by a select network of reliable specialist suppliers. At the same time, Filtronic must continue to advance its own domestic expertise and capabilities so Filtronic can extend its control over the mission-critical elements of satcom networks. Advancing domestic capability Filtronic has been leading the way in developing advanced RF technologies for satellite communications for many years, developing solutions to maximise bandwidth and enable efficient, resilient, high-speed data communications. Filtronic expertise has enhanced the performance of many enabling technologies for the satellite ground segment, including solid-state power amplifiers, transmit and receive devices, block upconverters, downconverters and filters, and Filtronic has introduced high-performance semiconductor compounds, such as gallium nitride (GaN), to improve the power and efficiency of satcom devices. Filtronic has also developed space-qualified modules, supporting high-bandwidth inter-satellite, direct-to device and satellite-to Earth communications. Making space for more data To expand the capacity of satellite networks in line with accelerating data usage, Filtronic has led the satcom sector into higher frequency mmWave bands, such as Q, V and E bands. Moving into these lesser-used frequencies gives satellite companies the opportunity to establish high-quality, ultra-fast communications channels, enabling high-speed data exchange between satellites and ground stations, as well as between satellites within constellations. On the ground, digitalisation is shifting communications into RF-over-IP networks, which simplify ground infrastructure and enable greater volumes of data to be transmitted securely and reliably. Digitalisation will mean future satellite ground architectures are increasingly software-defined and widely distributed, and Filtronic is supporting this move in the UK by developing new digitiser/de-digitiser technology to toggle signals between analogue and IP formats. Security begins at home As the UK seeks to achieve greater control over its national satcom networks, the UK-based design, manufacturing and engineering expertise offered by Filtronic becomes an increasingly important strategic asset. In an uncertain world, its skills and capabilities - allied with crucial technologies and systems sourced from trusted global partners - offer a clear route to greater sovereignty, resilience and security for the UK's critical satcom infrastructure. You may be interested in... Article 04.07.2025 E-band in space - High-capacity, low-latency connectivity driving innovation. Article 15.08.2025 Connecting the unconnected: NTNs and the rise of direct-to-device communications. Article 05.09.2025 Why V-band and W-band matter for SSPAs. Editorial contact details: Press enquiries contact: Louise Stewart-Muir & Robert Hickling - Phoenix Communications email: [email protected] About filtronic: Filtronic has been at the forefront of RF technologies for 45 years. The company has a world-class reputation for high performance, innovation, quality and high reliability and specialises in mission-critical communications for aerospace, defence, space, telecommunications infrastructure and critical communications. Filtronic is AIM listed on the London Stock Exchange, with operations in the UK and the US. Latest blogs. Its whitepapers.

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