Filtronic shares soar 52 per cent after landing Spacex deal and raising guidance

City AM

Filtronic shares soar 52 per cent after landing Spacex deal and raising guidance

Shares in microwave technology firm Filtronics soared as much as 52 per cent on Wednesday morning after it unveiled a new long-term deal with Spacex’s Starlink platform that could make Elon Musk’s company a major shareholder. AIM-listed Filtronic’s stock price reached its highest level in a decade at 50.48p in early trading. Filtronic, a supplier of products to the aerospace, defence, space and telecoms infrastructure sectors, already supplies E…