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Investing.com -- Filtronic, a U.K.-based defense and aerospace telecom-equipment manufacturer, announced on Wednesday a deeper collaboration with SpaceX for its Starlink constellation.
The expanded partnership includes an issue of 10.9 million warrants to SpaceX at a price of 92.8 pence ($1.21) each.
This move allows SpaceX to subscribe for up to a maximum of 5% of Filtronic’s existing share capital.
As part of the enhanced agreement, Filtronic will increase its supply of advanced E-band Solid State Power Amplifier modules.
These modules will support the ongoing deployment of SpaceX’s Starlink constellation.
The initial partnership agreement between the two companies was signed in April. The expanded partnership aims to increase activities and deepen the collaboration between Filtronic and SpaceX.
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