Filtronic manufacturing output hits targets
Filtronic
72.00p
16:55 31/10/24
Mission-critical communication network components business Filtronic said on Thursday that manufacturing output has reached planned customer volume and quality requirements following strong order flow from SpaceX in H1.
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Filtronic stated the "cadence of orders" it had enjoyed was to support new gateway link rollouts, in line with the growth of the Starlink constellation, and to retrofit existing gateway links in the field with E-band Solid State Power Amplifiers to increase bandwidth and lower latency in the system.
As a result, the AIM-listed group anticipates H125 trading will be stronger than H224, as the retrofit completes, and it reverts back to supporting the extension of the network.
"This gives confidence of delivering results for the full year in line with market expectations," said Filtronic.
As of 1340 GMT, Filtronic shares were up 2.09% at 75.55p.
Reporting by Iain Gilbert at Sharecast.com