Filtronic is trading 6.25% up at $3.40 after announcing a non-binding memorandum of understanding with Spur Microwave, a Marubeni subsidiary, to expand access to India’s government, space and defence markets.
- Established route to market for potential satellite, communications, sensing and defence opportunities.
- Move not explicitly attributed to the agreement; semiconductor strength and AI-demand optimism may support sentiment despite weaker U.S. indices.
- Elevated activity versus recent sessions; significant-movement threshold exceeded.