Filtronic Bags RF Subsystem Contract From QinetiQ
LONDON – Filtronic plc, a leading manufacturer of aerospace, defense, and telecoms infrastructure products, announced today that it has secured a significant radio-frequency (RF) subsystem contract from QinetiQ, a global defense company. The phase 1 of the contract is valued at £2 million, with revenue expected to be recognized over the next two years. This contract entails the development of a state-of-the-art RF subsystem that will be installed on a range radar solution.
The CEO of Filtronic, Richard Gibbs, expressed his excitement about this strategic partnership with QinetiQ, emphasizing the importance of adding a multinational defense technology company like QinetiQ to their customer base. Gibbs stated, Winning this contract with a multinational, world-class defense technology company such as QinetiQ is an important strategic development as we add a target client to our customer register and broaden the customer base.
This new contract is expected to further strengthen Filtronic’s position in the defense sector and enhance its reputation as a trusted provider of cutting-edge RF solutions. With a focus on delivering high-quality products and innovative solutions, Filtronic aims to continue expanding its presence in the global defense market.
The news of this contract has had a positive impact on Filtronic’s stock prices, as shares closed at 21 pence on Friday, reflecting a 2.44% increase in London.
About Filtronic plc:
Filtronic plc is a renowned manufacturer of aerospace, defense, and telecoms infrastructure products. With a commitment to excellence and innovation, Filtronic specializes in providing advanced RF solutions to its customers globally.
About QinetiQ:
QinetiQ is a leading global defense technology company with a focus on providing advanced solutions for the defense and security sectors. Operating on a global scale, QinetiQ is renowned for its cutting-edge technologies and capabilities.
In conclusion, Filtronic’s newly secured RF subsystem contract with QinetiQ is a significant milestone for the company. This partnership highlights Filtronic’s expertise in delivering advanced RF solutions and its commitment to supporting the defense industry’s evolving needs. As Filtronic continues to expand its customer base and enhance its reputation as a leading provider of innovative solutions, the company is well-positioned for future success in the aerospace, defense, and telecoms sectors.
Note: The information and statements in this article are based on publicly available information and reflect the writer’s interpretation of the details provided.
