Filtronic Secures Record $68.1M Follow-on Order from SpaceX
Key Facts
UK-based Filtronic secured a $68.1 million follow-on order from SpaceX for advanced solid-state power amplifiers. Proactive Investors reported that this represents the company's largest-ever contract, covering the supply of Cerus E-band gallium nitride (GaN) technology for high-frequency communications applications.
SPCX closed at $150.86 on September 30, 2026, having reached a session high of $152.58. The record order strengthens the partnership between the two entities, utilizing specialized RF technology designed for the demanding requirements of low Earth orbit satellite communications.
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Update: Filtronic shares surged 14% to reach 270p following the contract announcement. Cavendish set a new price target of 290p for the stock, citing the positive implications of the record SpaceX order.