Shares in Filtronic (FTC:AIM) have been on a roll over the past year as the communications kit designer has benefited from successive contract wins from SpaceX, Elon Musk’s rocket and spacecraft maker.

On 10 February, the company signed a new £16.8 million contract to be fulfilled between now and the end of 2026.

Katherine Thompson, director at Edison, said: ‘The close working relationship with SpaceX provides the company with good visibility into full year 2026 and the conversion of recent design wins in the aerospace and defence market into orders could provide further support to our full year 2026 forecasts.’

Filtronic isn’t just a one hit wonder when it comes to contract wins, however ─ it has also secured business with QinetiQ (QQ), BAE Systems (BA.) and the European Space Agency.

Recent first-half results impressed, with group revenue of £25.6 million, a jump of over 200% from £8.5 million the previous year.

The company also announced two new production lines and the opening of a new design centre at the Cambridge Science Park together with a healthy cash position of £5.1 million excluding leases. 

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