Showing this figure isn’t just science fiction, we had two developments last week. First, there was NASA’s successful Artemis II rocket launch that sent humans towards the Moon for the first time in over 50 years. Second, industry juggernaut SpaceX has reportedly filed to go public at a potential valuation of $1.75trn.

Here are three stocks to consider buying for exposure to the booming space economy.

SpaceTech fund

Let’s start with Seraphim Space Investment Trust (LSE:SSIT). This £365m trust invests in earlier-stage growth companies involved with space technology (SpaceTech).

The stock’s had an amazing run, going from 51p to above 150p in just 12 months.

However, this hasn’t been driven by mere hype, but actual tangible progress made by its portfolio companies. In March, it announced a 20% jump in its net asset value (NAV), or an increase of £56.4m.  

For example, Finnish microsatellite firm ICEYE secured a massive €1.7bn space reconnaissance contract from the German government alongside its partner, defence giant Rheinmetall. ALL.SPACE, HawkEye 360, and D-Orbit also received meaningful valuation uplifts.

It’s worth noting that seven of the trust’s top 10 holdings expect to report EBITDA profitability in 2026. So these are far from starry-eyed start-ups in garages.

The biggest risk would be Europe turning off the funding tap. However, while this can’t be ruled out, I think President Trump threatening to leave NATO makes it even more likely that Europe spends hundreds of billions building out its own space and defence capabilities.

If so, then many of the key holdings here should benefit massively. As I write, the trust’s trading at a 5% premium to NAV, suggesting that its valuation is far from bonkers.

European blue chip

Next, we have Airbus (ENXT:AIR), whose share price is down roughly 22% since January.

While primarily a maker of passenger jets, Airbus also has a Defence and Space division. Last year, revenue here increased 11% year on year to €13.4bn, while order intake surged to a record €17.7bn.

Airbus built the European Service Module for NASA’s Artemis programme, providing power and life support for the Orion spacecraft heading to the Moon.  

Rather than a pureplay space stock, Airbus is a stable, profitable giant with a massive backlog of 8,754 commercial aircraft. Supply chain shortages could result in production delays, but the forward price-to-earnings multiple of 22 looks reasonable to me.

AIM-listed stock

Returning to SpaceX, let’s end with Filtronic (LSE:FTC). This is a small-ish UK company with a £435m market-cap that designs and manufactures advanced radio frequency (RF) solutions for the space, aerospace and defence, and telecoms markets.

A deal signed with SpaceX to support SpaceX’s Starlink satellite constellation has been transformative. Revenue ballooned from £16.3m in 2023 to £56.3m last year.

The flip side to this is that SpaceX now makes up the vast bulk of revenue, which adds concentration risk. However, it’s worth noting that Filtronic is having success diversifying revenue streams.

For example, last week it was selected by a major European defence firm to provide it with components, building on an $8m contract won with the US army the week before.

The post 3 top space stocks to consider buying for an ISA in April appeared first on The Motley Fool UK.

There are a number of small-cap UK defence stocks that have delivered far higher returns over the last six months, however. Here are three to check out.

Advanced space technology

First up, we have Filtronic (LSE: FTC), which is up about 50% over the last six months. This is a technology company that specialises in advanced wireless communication solutions.

It’s had a lot of success in recent years selling wireless components to SpaceX. It’s now having success selling satellite and sensor hardware to defence businesses.

For example, in December, the company won a £11m contract with a major defence prime. “This latest win deepens our engagement with a key European defence customer and strengthens Filtronic’s position in the defence sector, a growing market for the group,” said CEO Nat Edington at the time.

After its recent run up, this stock looks a little expensive. The forward-looking price-to-earnings (P/E) ratio is now over 50 – this doesn’t leave any room for an operational setback (eg the loss of a key customer).

Taking a five-year view, however, I see a lot of potential. So, I think the stock is worth considering.

Nuclear radiation protection

Next, we have Kromek (LSE: KMK), which is up about 150% over six months. It provides nuclear radiation detection solutions to the global defence and security markets.

Its product portfolio ranges from personal, handheld, and wearable devices to systems that can be mounted on remotely operated vehicles (ROVs) or drones. Note that the company has worked in partnership with the US Department of Defense’s Defense Threat Reduction Agency (DTRA) and the Defense Advanced Research Projects Agency (DARPA) to develop high quality products and solutions that meet the needs of leading players in the defence and security industries.

I think this company has a lot of growth potential and is worth a closer look. It could do well in the years ahead as governments spend more on defence (note that sales in its chemical, biological, radiological, and nuclear defence (CBRN) segment more than doubled in the first half of the current financial year).

That said, this is a very small business and profits could be up and down. So, the stock could be volatile.

Rugged computing products

Finally, we have Concurrent Technologies (LSE: CNC), which is up about 50% over six months. It makes rugged high-performance computing products designed for the defence and aerospace markets.

This company has a lot of momentum at present. In January, it told investors that it generated double-digit growth for 2025 and that total order intake for FY25 was a record £47m (versus £41m in 2024).

It added that it has started 2026 with good momentum, underpinned by robust customer demand, record order intake, and a growing pipeline of design wins that are expected to convert into production revenues. This all sounds very promising.

The forward-looking P/E here is about 35, so again, we have an expensive stock that doesn’t have a lot of room for error. However, with earnings per share expected to grow by around 20% this year, it could still be worth a look.

The post 3 small-cap UK defence shares that are crushing BAE Systems and Rolls-Royce appeared first on The Motley Fool UK.

First some context. Both rank among the Footsie’s top five performers over the past five years, along with Rolls-Royce, Airtel Africa and Fresnillo.

Here are the returns from this magnificent quintet of UK shares.

The common theme for three of these is that they’re in the aerospace and defence sector. BAE Systems is an industry giant and Babcock operates the UK’s nuclear submarine bases. Meanwhile, Rolls-Royce has a thriving defence division.

All three stocks got a boost today (16 February), with Babcock jumping almost 4%. Shareholders can thank news surrounding the prime minister, Keir Starmer.

Spend more, faster

According to the BBC, Prime Minister Starmer is considering increasing defence spending faster than expected. Originally the government had announced plans to spend 2.5% of gross domestic product (GDP) on defence by 2027. This would rise to 3% by the next parliament.

However, the BBC reports that this 3% could be met by the end of this parliament (scheduled for 2029). Bringing this forward would cost billions of pounds.

At the Munich Security Conference over the weekend, the PM said: “To meet the wider threat, it’s clear that we are going to have to spend more, faster.”

Needless to say, spending more faster would benefit Babcock, which has a far higher proportion of sales tied to the Ministry of Defence than BAE. But this would benefit them all, including Melrose Industries, which owns GKN Aerospace and supplies military airframes and engines.

Of course, there’s a risk these stocks pull back if the UK government doesn’t rustle up the cash for this extra defence splurge. But looking at their respective share price rises today, the market’s clear which it thinks could benefit the most.

• Babcock +3.8%
• Melrose +3.8%
• BAE +3.1%
• Rolls-Royce +1.5%

AIM-listed gem

Before ending, I want to highlight another defence-adjacent stock that should benefit from higher military budgets. That is Filtronic (LSE:FTC), the smaller AIM-listed share that’s up 3.2% today.

The company designs and makes communication systems used in various sectors, including telecommunications (5G), defence, and space. For example, it provides radio frequency (RF) solutions for radar systems and electronic warfare.

But it’s satellite communication systems that have put a rocket booster under the share price. Specifically, strategic partner SpaceX, with whom it has signed a handful of contracts, including one worth $62.5m last year. This it to provide components for the rapidly expanding Starlink satellite internet service.

Revenue has surged from £16.3m in FY23 to £56.3m in FY25 (which ended in May). There’s expected to be a lull in growth this year due to the timing of the SpaceX orders, but Filtronic has a record order book and its next-generation GaN amplifier systems are set to be a “key driver of growth over the next three to five years“.

One thing to be aware of here is that SpaceX accounted for 83% of revenue last year, so there’s significant customer concentration risk. However, the firm’s diversifying its customer base, with large contracts being won with European space/defence contractors. Higher, faster spending should provide a further boost.

Naturally, some investors have ethical issues with defence-related stocks. But for those who don’t, I think Filtronic’s worth considering buying for the next five years.

The post Keir Starmer just helped send these FTSE 100 shares higher appeared first on The Motley Fool UK.

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The answer depends on a few factors: how much you put in, for how long and by how much it grows (or not).

Doing the maths

For example, imagine someone puts £150 per week into their ISA for 35 years.

How big that grows to be will depend on their compound annual growth rate, or CAGR. At a CAGR of 5%, it would hit over £720k.

At 10%, that number would be £2.2m. At a 15% CAGR, after 35 years the ISA ought to be worth £7.3m. Yes, £7.3m!

Tough, but doable

A CAGR includes capital gains but also dividends. However, capital losses (from selling shares for less than you bought them) would eat into it. And dividends are never guaranteed.

Another point some people overlook is the negative long-term impact of dealing fees and account costs, so it pays to hunt around for the best Stocks and Shares ISA.

Is a 15% CAGR achievable – or even 10% or 5%?

All three are achievable, but even 5% can be harder than it looks, as over the long term (like 35 years) there will be bad as well as good years in the market. Some very careful selection of shares would be required.

I also think 15% is feasible, but it is above what most investors would achieve in their ISA over the long run. Taking steps to be a good investor might help improve performance.

Looking for brilliant shares

Success stories can give us some clues.

One UK share that has left that 15% CAGR goal in the dust is Filtronic (LSE: FTC). It is up 2,406% in just five years.

It is easy to point to one key reason for that: Filtronic has won some huge contracts with SpaceX, which is a shareholder.

That means there is a concentration risk. If anything happens to sour that relationship, or SpaceX’s needs change, Filtronic’s revenues could plummet.

But there is a bigger question to be asked: why has SpaceX been happy to buy lots of specialist solid-state power amplifiers from a fairly small business based in the north of England?

It is not charity. Filtronic has identified that the space market is set to grow and needs some very specialist components, that only a limited number of companies worldwide have the necessary expertise or ability to make. SpaceX came knocking as a result of Filtronic’s strategic choices.

It has been investing in growing its capabilities, ready to ride any upturn in demand not only from SpaceX and other space companies, but also other clients like aerospace manufacturers.

It has entered the second half of its current financial year with a record order book and also points to “increasing customer diversification”. That might help reduce the concentration risk I mentioned above.

The Filtronic share price has soared because it has a compelling value proposition in a growing market. I see it as a share worth considering.

The post How much would you end up with by putting £150 a week into an ISA for 35 years? appeared first on The Motley Fool UK.

That’s why Filtronic (LSE:FTC) has caught my eye. Its share price has soared over 1,600% in three years. Over this period, it’s comfortably met Peter Lynch’s definition of a 10-bagger, something that appreciates at least 10 times (1,000%) in value.

However, could there be more to come? Let’s take a closer look.

What does it do?

Filtronic provides bespoke innovative radio frequency solutions, which it claims can’t be found anywhere else. It seeks to increase bandwidth, lower latency, and improve reliability. And with the spectrum becoming limited and increasingly complex, the company’s services are likely to become even more important.

Some of the solutions it provides include facilitating critical communications for emergency responders, enabling high-performance transmission of data from ground to space, and helping transfer the big data necessary for 5G telephone networks.

It’s doing particularly well in two industries that are experiencing huge growth at the moment. FY25 saw a record order intake from the space sector, including contract wins with SpaceX, the European Space Agency and Airbus. In the defence space – admittedly, this might not appeal to some ethical investors – it also secured new work with QinetiQ and BAE Systems.

How’s it performing?

Surprisingly, for a company that’s been around for over 45 years, it’s growing remarkably quickly. During the year ended 31 May 2025 (FY25), its revenue was £56.3m, 121% higher than for FY24. Its FY25 adjusted EBITDA was £17m, 248% better than in FY24.

But this growth trajectory’s likely to be interrupted in FY26. EPS is currently (2 February) forecast to be around half that for FY25. This reflects the completion of some one-off work for SpaceX. Analysts’ consensus is for FY26 revenue of £55.5m and EBITDA of £10.9m.

Its reliance on SpaceX is a double-edged sword. Filtronic says its “initial strategic partnership” with the group was “the enabler” for the FY25 revenue and profit growth. But with Elon Musk’s company contributing 83% of turnover during the year, this could be an issue if something goes wrong.

On the other hand, I’ve seen one forecast suggesting SpaceX will be worth $12.8trn by 2040. If correct, I’m sure Filtronic will be one of the beneficiaries.

What does this all mean?

The group’s share price rally means its forward (FY26) earnings multiple of 61 is on the high side. And when a company’s share price grows exponentially, investors could be forgiven for thinking they’ve missed the boat. However, in April 2025, I thought that about Rolls-Royce. But it’s now the best performing share I own.

In my opinion, Filtronic’s a stock to consider for the long term. It’s clearly good at what it does and, like Rolls-Royce, has established a reputation for engineering excellence. But with the majority of its revenue coming from one customer, there’s likely to be a few bumps along the way and I suspect its share price performance over the next few years is unlikely to match the recent success of Rolls-Royce.

However, with the defence and space sectors attracting lots of attention at the moment, I reckon those who are prepared to ignore these bumps and sit tight could be handsomely rewarded.

The post Could Filtronic shares be the next Rolls-Royce? appeared first on The Motley Fool UK.

A British defence stock flying under the radar

The one I want to highlight today is Filtronic (LSE: FTC). It specialises in the design and manufacture of mission-critical communication networks.

As I write this, it’s trading for 184p. So a £1,000 investment would buy 543 shares (ignoring trading commissions).

Exposure to the space and defence markets

In recent years, Filtronic has had a lot of success selling cutting-edge wireless communication components to Elon Musk’s space company SpaceX. Last year, for example, it secured a contract with the space powerhouse worth a whopping $62.5m.

However, it’s now starting to see success in the defence space too. In December, for instance, it announced it had won a £7m contract with an unnamed European defence prime contractor to supply high-performance active components for a long-standing electronic sensor programme.

“This latest win deepens our engagement with a key European defence customer and strengthens Filtronic’s position in the defence sector, a growing market for the group,” said CEO Nat Edington at the time.

“As we invest in capability and capacity, Filtronic is increasingly well positioned to support long-term demand for advanced radio frequency solutions in the defence market,” he added.

Another defence deal worth highlighting was a £13.4m contract awarded in July last year. This was for the supply of high-performance modules for an electronic sensor system.

Worth a look today?

Is this stock worth considering for an investment portfolio today? I think so.

It’s not cheap. Currently, the forward-looking price-to-earnings (P/E) ratio is about 50. But I don’t see the high earnings multiple as a dealbreaker. Because this company’s operating in two fast-growing markets (defence and space) and it’s growing at a rapid rate.

This financial year (ending 31 May), revenue’s expected to hit £55m. That compares to £16.3m three years earlier (annualised growth of around 50%).

Significant long-term potential

Of course, there are no guarantees the company’s revenues will continue to soar. And one risk to be aware of with this stock is the fact that revenues tend to be lumpy.

So Filtronic could experience a period of lower growth, unsettling some investors and leading to share price volatility.

Customer concentration risk is another issue to think about. Recently, a lot of the company’s revenue has been coming from SpaceX.

If an investor’s willing to take a five-year-plus view though (our preferred investment horizon here at The Motley Fool), I think this stock could do really well. With a strong balance sheet, a growing pipeline, and exposure to two big growth markets, the company looks well placed for success and is one to consider.

The post £1,000 buys 543 shares in this red-hot UK defence stock that’s smashing BAE Systems appeared first on The Motley Fool UK.

But sometimes excitement can lead to poor decision making. In the stock market, poor decisions can be costly decisions.

So, here are three mistakes I think a new investor should seek to avoid when they first start investing – and three things that could make sense.

Don’t: fixate about charts in isolation

Sometimes, a share price chart has gone up and up and up, making it look as if it will keep moving up.

Other charts show massive declines, meaning a share now costs far less than it once did.

Charts can be helpful – but never in isolation.

Just looking at what a share has done in the past, with no other context, gives no reliable basis for deciding what it may do in future.

Don’t: set unrealistic goals

Wouldn’t it be great if a share you bought doubled in a year?

Yes, it would – and it could. However, while it is possible, it is unlikely to happen.

Most of us like to think we can beat the market. In reality, as a new investor still learning hard lessons, it can be difficult even to match the performance of an index like the FTSE 100, let alone beat it.

Setting unrealistic goals can lead to unnecessary risk-taking and rash decisions.

Don’t: ignore stockbroking costs

Buying and selling shares usually costs money. Even just holding shares in an ISA or SIPP can cost money.

Those costs are real and they can mount up, especially with frequent stock market dealing. So it is important not to ignore the impact they will have on financial returns.

Do: choose the right share-dealing platform

That leads onto something I think a new (or old) investor should do: carefully choose the right share-dealing account, Stocks and Shares ISA, trading app, or SIPP for them.

Do: spread your investments

One simple but important risk management technique is not putting all your eggs in one basket.

In the stock market that is known as ‘diversification’. A smart investor makes effort to stay diversified, whether investing a little or a lot.

Do: think about the long term

Warren Buffett’s partner Charlie Munger once said that the big money in the stock market is not in the buying or selling, but the waiting.

I agree: that sort of long-term approach to investing can help build wealth.

Take Filtronic (LSE: FTC) as an example.

The company’s growth in recent years has been impressive. What if it is still only scratching the surface, though?

This year’s rumoured flotation of Filtronic client and shareholder SpaceX could help raise the company’s profile. SpaceX’s expansion plans could mean more sales in future for Filtronic thanks to its unparalleled specialist expertise.

There is a risk of concentration with one very big client (as I said above, diversification always matters!) but Filtronic has landed contracts with other customers. With SpaceX as a case study, I think Filtronic could tap into significant demand growth.

It operates in a niche but growing field that can command high profit margins. The more it sells, the more credibility it will likely gain, hopefully helping it sell even more.

That will take time, though. From a long-term perspective, I see it as a share for investors to consider.

The post New to the stock market? 3 mistakes to avoid – and 3 things to do! appeared first on The Motley Fool UK.

Well, if we’re talking averages, let’s bring up the data. According to recent sources, the average inhabitant of our green and pleasant land (who I’m going to call Barry) has a savings pot of £16,000 and saves £226 per month. On those numbers, that big passive income goal sounds like a pipe dream for poor Barry, doesn’t it? Or does it?

Let’s run a quick calculation. The historical stock market returns for UK and US stocks is in the 9%-10% range. While the past is no guarantee of what will happen in the future, we can use these numbers to work out what kind of nest egg Barry can build up to.

The key factor in all this is time. The more years, the more compounding and, of course, the more money. If Barry starts saving early enough, he could have 30 or more years to let those investments snowball higher and higher.

Here’s the calculation: starting with £16,000, adding £226 a month, and compounding at 9.5% for 30 years turns into (drumroll please) £666,863. Not bad.

At a 4% yearly withdrawal rate (the figure often considered safe) then Barry is looking at a monthly passive income of £2,223.

That’s a little short of the original goal. Using the same withdrawal rate, Barry would need £900,000 in an ISA for a £3,000 monthly passive income. That’s a fair chunk of change and might be unrealistic for an average saver.

But there are strategies that can help those with a smaller savings rate or fewer years to work with…

Reasonable stuff

Through a little shrewd stock picking, Barry might aim for a small edge on those average returns. The London Stock Exchange is jam-packed with thousands of high-quality businesses to choose from. One company at the forefront of state-of-the-art technology is Filtronic (LSE: FTC).

The firm produces devices that facilitate long-distance wireless communication. Think radio components and the like. A big order from US-based SpaceX has sent the share price – formerly trading in pennies – into orbit. The shares are up 15 times in the last couple of years.

Of course, it’s best not to get carried away by an interesting-sounding stock. Many were entranced by tech stocks during the dotcom boom and we all know what happened with that. Filtronic were one of the casualties in 2000 too, losing 90% from the highest point to the lowest.

On valuation, the firm trades at a pricey but reasonable 32 times earnings. With revenue forecast to continue rising and a chance of more lucrative contracts on the horizon, I’d say this is a stock to consider for those looking to build towards passive income.

The post How much does the average Brit need in an ISA for a £3,000 monthly passive income? appeared first on The Motley Fool UK.

Here are three reasons why I’m bullish.

Space: a big investment theme?

Space could potentially be a major investment theme in 2026. With the initial public offering (IPO) of Elon Musk’s space company SpaceX likely to take place at some stage during the year (this could be one of the biggest IPOs of all time), this theme’s likely to get significant attention from investors.

This could lead to interest in Filtronic shares. Because this company – which specialises in wireless communication solutions – has been having a huge amount of success providing E-band Solid State Power Amplifiers (SSPAs) and E-band GaN products to SpaceX.

It’s also been winning deals with other space companies. In November, for example, it announced a €7m contract with a leading European aerospace manufacturer to supply products for a major Low Earth Orbit satellite constellation programme.

As a result of these deals, the company’s revenues are surging. For the year ending 31 May 2026, revenue’s expected to be about £55m versus £16m three years earlier.

It’s worth noting that while the space theme’s a little speculative (it’s still in its infancy), it has a lot of potential. According to analysts at McKinsey, the space industry could be worth $1.8trn by 2035.

Filtronic’s winning defence deals

Another reason I’m bullish on Filtronic is that the company is having success in the fast-growing defence industry. In December, for example, it announced a contract with a major European defence prime for the supply of high-performance components for an electronic sensor programme.

The total value of this contract is expected to be £11m. “This latest win deepens our engagement with a key European defence customer and strengthens Filtronic’s position in the defence sector, a growing market for the group,” CEO Nat Edington said at the time.

Strong financials

One other reason I like the look of Filtronic is that, unlike a lot of other space stocks, it has strong financials. Not only are revenues rising rapidly, but profits are surging too.

This financial year, net profit’s expected to amount to $7.3m. That compares to a net profit of around £0.5m three years earlier.

The company also has a strong balance sheet. At the end of November, it had £10.5m cash on its books. As for the valuation, it’s high but not crazy given the long-term growth potential. Currently, the forward-looking price-to-earnings (P/E) ratio is around 48.

Given its financials, this stock could appeal to more risk averse institutional investors looking to gain exposure to the space and defence markets.

A growth investment to consider

Of course, there are plenty of risks with a stock like this. A slowdown in deals is one that can’t be ignored – if these don’t come through in 2026 the share price could fall.

Overall though, I’m bullish on this small-cap UK space stock. I believe it’s worth considering as a growth investment.

The post Prediction: FTSE share Filtronic will soar in 2026 as space stocks come into focus appeared first on The Motley Fool UK.

On

First up is On Holding (NYSE:ONON), the Swiss firm behind the premium sportswear brand.

The stock’s down 33% since January due to tariff uncertainty and weak consumer spending. Both these challenges are obviously not ideal for the business.

Yet, they haven’t held back the brand’s impressive growth trajectory. In the first nine months of 2025, net sales increased 32.6%, or 37.3% on a constant currency (CC) basis. This came from both direct-to-consumer (+39.2%) and wholesale (+33.1% at CC) channels.

Sales are surging worldwide, with very impressive growth in Asia Pacific. Net sales were up 115.3% there in the first nine months.

The brand’s premium positioning — based on “craftsmanship, precision and design excellence” — is also driving industry-leading margins. A gross margin of 62% is well above Nike‘s 42%, as the company continues to have success targeting a more affluent customer.

I’m not really a big spender, but I did recently buy a pair of On’s next-gen Cloudvista 2 running shoes. I have to say, they’re amazing, and I can see why they’re quickly becoming the gold standard among runners. The New York Marathon women’s winner this year ran in a pair of On trainers.

That said, I did baulk at the firm’s £105 jogging bottoms recently at JD Sports. I opted for the cheaper Adidas ones instead.

Again though, the premium price tags aren’t stopping growth, as the company sold over 1m apparel units in a single quarter for the first time in Q3. And as it opens more stores in major cities, management sees a huge opportunity to grow apparel sales.

For 2026, On expects for sales growth of at least 23%, though it tends to offer conservative guidance. So the figure could well be higher.

Right now, the stock trades for 29 times forward earnings, falling to 22 by 2027. That’s not expensive for a fast-growing firm sporting premium profit margins and eyeing a long runway of growth.

Filtronic

Turning to the UK, we have Filtronic (LSE:FTC). It develops and manufactures radio frequency systems and components. 

The share price took off like a rocket (pun intended) last year when Filtronic announced a partnership with Elon Musk’s SpaceX to supply modules for the ballooning Starlink constellation. However, it’s pulled back 23% since the summer.

The SpaceX tie-up‘s already resulted in record orders for the £285m market-cap company. But the downside to this is that it’s increased customer concentration risk significantly.

Put simply, if anything goes wrong with the SpaceX partnership, the stock would be in big trouble.

Nevertheless, it’s worth pointing out that the firm’s having success diversifying its customer base. In July, it inked a £13m contract with defence giant BAE Systems, and earlier this month won a €7m multi-year contract for a European satellite constellation programme.

The stock’s trading at 34 times forward earnings. While not an obvious bargain, it could fly much higher in the years ahead, with Filtronic perfectly positioned to capture more SpaceX and defence contracts.

The post 2 growth stocks down 23% or more to consider for an ISA right now appeared first on The Motley Fool UK.