Growing demand in the global aerospace and defence markets has helped to lift half-year revenues by 5% at telecoms tech firm Filtronic.
The NETPark firm, which also has bases in Leeds and Maryland in the US, has posted results for the six months ended November 30 2022, showing sales of £8.4m, up from £8m, although investments into sales channels and engineering led to lower operating profit of £500,000, down from £700,000.
The company makes products for markets including defence, telecoms infrastructure and critical comms markets, with chairman Jonathan Neale saying demand within the aerospace and low earth orbit (LEO) sectors has come faster than anticipated, boosting its order book. He said governments are seeing increasing needs to invest in electronic warfare and battlefield communication in the wake of the war in Ukraine.
