Filtronic's Largest-Ever Order from SpaceX Highlights Operational Progress
Dow Jones
Yesterday
1121 GMT - Filtronic's largest-ever order is a sign of its exceptional operational progress this year, Berenberg analysts write. The defense and aerospace telecom company secured a $68.1 million follow-on order from Elon Musk's SpaceX to provide high-frequency telecom technology. "This record order is a strong endorsement of the relationship with SpaceX, and of Filtronic's ability to meet SpaceX's quality demands and pace of production," the analysts say. Though shares have pulled back from their highs in May, Berenberg sees significant upside with a buy rating on the stock and 440 pence price target. Filtronic shares are up 6% at 273 pence.
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