Filtronic Wins Largest Order from SpaceX with $32.5mln Follow-On Contract

Filtronic has secured a $32.5m follow-on order from SpaceX for its E-band Cerus 32 Solid State Power Amplifier, the largest contract from SpaceX to date. This order is expected to be fulfilled during the 2026 financial year and will exceed current revenue forecasts. The contract also triggers the vesting of 10.9m share warrants, representing 5% of Filtronic's current share capital.

Filtronic plc (FTC.L), a leading provider of advanced RF solutions for the space, aerospace, and defense sectors, has announced a significant follow-on order from SpaceX. The order, valued at $32.5 million, is for the supply of Filtronic's E-band Cerus 32 Solid State Power Amplifiers (SSPAs), and is expected to be substantially fulfilled in fiscal year 2026 [1].

The contract is the largest in value that Filtronic has received from SpaceX to date and will likely exceed the company's current revenue expectations for the year ending May 31, 2026. The order has been placed under the framework of the strategic partnership between the two companies, which was expanded in March 2025 [2].

Filtronic's Chief Executive, Nat Edington, commented on the milestone, stating, "This milestone builds on the momentum of recent contract awards and highlights the progress we are making as we expand in key strategic markets." The order will also trigger the vesting of 10.9 million share warrants, representing 5% of the company's current share capital [2].

The contract is a significant boost for Filtronic's technology roadmap and underscores the growing demand for high-performance RF solutions in the space market. The company continues to invest in its technology roadmap, given the substantial market opportunity [3].

The news comes at a time when the space industry is experiencing significant growth, with the Space Coast setting new records in 2024 and planning for even more launches in 2025. SpaceX, in particular, has been a key player in this growth, with a continued pace of launches and missions [4].

References:
[1] https://www.marketwatch.com/story/filtronic-gets-32-5-million-contract-from-elon-musk-s-spacex-5ce0eb7c
[2] https://www.insidermedia.com/news/north-east/filtronic-lands-largest-ever-contract-with-spacex-worth-more-than-30m
[3] https://www.finanznachrichten.de/nachrichten-2025-06/65623026-filtronic-secures-dollar-32-5-mln-follow-on-order-from-spacex-for-cerus-32-sspa-020.htm
[4] https://www.orlandosentinel.com/2025/06/03/space-coast-launch-schedule/