Filtronic Jumps on Record SpaceX Deal
Market reaction
Shares in UK-based telecoms component maker Filtronic rose nearly 5% on Tuesday after the company announced a record contract worth £47.3 million with SpaceX. The stock traded at multi-year highs on the London AIM market, outpacing broader indices that were in negative territory.
The FTSE AIM All-Share index was broadly flat, underscoring the outsized reaction to the deal. Market participants said the contract highlights Filtronic’s positioning as a key supplier in the growing satellite communications industry.
Key drivers
The contract, valued at £47.3 million, is the...
Filtronic Jumps on Record SpaceX Deal
Market reaction
Shares in UK-based telecoms component maker Filtronic rose nearly 5% on Tuesday after the company announced a record...