Filtronic: Edison
TMT: Tech hardware and equipment – AIM – M cap £241m – Price 110.00p – Update
Deepening relationship with SpaceX
and SpaceX have expanded their strategic agreement, originally signed in April 2024, to support higher order volumes for E-band solid state power amplifier (SSPA) modules, which are being used in the Starlink constellation. Additional warrants have been issued to SpaceX, taking the potential number of warrants that could vest up to 15% of share capital. The revised deal strengthens visibility for FY25 and FY26 and drives a small revenue upgrade in FY26.
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