County Durham-based Filtronic plc, a designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets, announced on Tuesday that the outlook for both its FY2025 and FY2026 is “expected to exceed current market expectations.”

Filtronic is based at North East Technology Park (NETPark) in Sedgefield and has offices in Leeds, Manchester, Camridge, and Maryland in the US.

The firm has signed recent deals with SpaceX and the European Space Agency. Its share price has risen more than 100% over the past year to give it a current stock market value of almost £220 million.

“Investments in manufacturing capacity during the financial year are fully online allowing the company to meet increasing customer demand,” said Filtronic.

“This will deliver stronger revenue and adjusted EBITDA in H2 of FY2025 and result in us beating current market expectations for the current year.

“The strengthened trading performance in FY2025 is expected to carry through to FY2026 as anticipated new programmes come through with new and existing customers.”

Filtronic CEO Nat Edington said: “We are very pleased with the substantial progress we’ve made and the positive impact it’s having on our financial performance.

“The team has worked tirelessly to bring new programmes to fruition across the defence and space markets. Our continued investment in engineering and manufacturing has positioned us to meet growing demand, and we are confident in the trajectory of the business as we scale to capitalise on future opportunities.”