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Filtronic ( (GB:FTC) ) has provided an announcement.
Filtronic has been awarded £1.2 million by the UK Space Agency’s National Space Innovation Programme to develop a high-power 550W Ka-Band Solid-State Power Amplifier (SSPA). This new amplifier is designed to integrate easily into existing satellite ground stations, facilitating a transition from older technologies and supporting the expansion of non-geostationary constellations. The project is part of a government initiative to advance UK space technology, aiming to enhance the commercial viability of innovative solutions and strengthen the UK’s position in the global space economy. The development is expected to reduce operating expenses and improve the reliability of satellite networks, contributing to more sustainable and future-ready satellite systems.
The most recent analyst rating on (GB:FTC) stock is a Buy with a £196.00 price target. To see the full list of analyst forecasts on Filtronic stock, see the GB:FTC Stock Forecast page.
Spark’s Take on GB:FTC Stock
According to Spark, TipRanks’ AI Analyst, GB:FTC is a Outperform.
Filtronic’s strong financial performance is the primary driver of its stock score, supported by solid revenue growth and profitability. The technical analysis suggests a stable market position, while the valuation indicates moderate pricing. The absence of earnings call insights and corporate events does not impact the score.
To see Spark’s full report on GB:FTC stock, click here.
More about Filtronic
Filtronic is a leader in advanced microelectronics, specializing in the design and manufacture of mission-critical communication networks. With over 45 years of experience, the company operates globally from two manufacturing sites and three engineering centers of excellence. Filtronic’s technology is trusted across high-performance sectors such as space, aerospace, defense, telecoms infrastructure, and critical communications. The company focuses on seamless data transmission, offering greater bandwidth, lower latency, and enhanced connectivity. Filtronic is headquartered in Sedgefield, UK, and is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 1,122,327
Technical Sentiment Signal: Buy
Current Market Cap: £290.3M
Learn more about FTC stock on TipRanks’ Stock Analysis page.