North tech manufacturer Filtronic has announced a £400,000 deal with an aerospace and defence company - its second sizeable deal in a week.
The company, which designs and makes products for the aerospace, defence, telecoms infrastructure and critical communications markets, said the new contract win is with an existing customer, for a series of filter related developments.
The new contract is a prototype order after a long development cycle, using its expertise in complex microwave switched filter bank technology.
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The order is expected to be delivered within the 2023 financial year, and chief executive Richard Gibbs said there is a good chance of follow-on orders being received in the future for the product.
He said: “We are delighted to have been selected as the supplier of these switched filter bank products. We have worked hard to develop further opportunities in the aerospace and defence market and this contract flows from the credibility we have built with this important customer.”
The deal follows last Tuesday’s announcement of a £350,000 contract with a quantum computing company.
That contract will see Filtronic, which has bases in NETPark, Sedgefield, County Durham, Yeadon in Leeds and Maryland, USA, design, develop and supply microwave filters and diplexers. Filtronic releases full year results this month but has already said it expects to see a 50% rise in profit, despite the challenges affecting a number of industries because of the global semiconductor shortage.
It said trading in the second half of the year was 13% higher than the first, which has triggered an overall 10% rise in revenue to an expected £17.1m.
