Firan Technology Group

What Firan Technology Group does

Firan Technology Group Corporation (TSX: FTG, OTCQX: FTGFF) is a Canadian-headquartered aerospace and defense electronics manufacturer operating through two core divisions: FTG Circuits and FTG Aerospace. The Circuits division produces high-reliability printed circuit boards including rigid multi-layer, HDI, RF/microwave, rigid-flex, thermal management, and semi-additive process (SAP) variants from facilities in Toronto, Chatsworth (CA), Fredericksburg (VA), Haverhill (MA), Minnetonka (MN), and a Tianjin joint venture. The Aerospace division manufactures cockpit and avionics sub-system hardware — backlit control panels, integrated switch panels, cursor control devices, cockpit lighting power supplies, LRUs, and chassis assemblies — and, following the late-2024 FLYHT acquisition, airborne connectivity hardware including the AFIRS satcom product family, weather sensors, and communications solutions.

FTG serves defense primes (Lockheed Martin for the F-35 since 2016), commercial aerospace OEMs (COMAC for the C919 heads-down display suite through FTG Aerospace Tianjin, De Havilland Canada for the Canadair 515), and government space agencies (NASA Orion Switch Interface Panels for Artemis, for which FTG holds design authority). The company holds AS9100, NADCAP, MIL DTL 7788, ITAR, IPC 1791 Trusted Supplier, and Canada Controlled Goods Program certifications across its facilities and led the global aerospace and defense PCB market in 2024 with 4% share.

Revenue is generated through direct sales of hardware and sub-systems to aerospace and defense OEM customers on a quote-based, program-by-program basis; no subscription or recurring software model is present in the portfolio. FY2025 revenue was CAD 191 million (+18% YoY), with Q2 2026 revenue of CAD 52.7 million, record bookings of CAD 86.7 million (+89% YoY), and quarter-end backlog of CAD 193.5 million (+30% vs. year-end 2025). The company employs 500+ people across Canada, the United States, China, and India following the June 2026 opening of the Hyderabad facility.

Name

Firan Technology Group

Legal name

Firan Technology Group Corporation

Website

https://ftgcorp.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

251–500 employees

Short description

Firan Technology Group is a Canadian public company that manufactures high-reliability printed circuit boards and avionics subsystems for aerospace and defense OEMs, including Lockheed Martin's F-35 program, COMAC's C919, and NASA's Orion spacecraft, across facilities in Canada, the United States, China, and India.

Ownership category

akta.pro rank

Product category

Aerospace and Defense Electronics Manufacturing

NAICS

Electronic Connector Manufacturing (334417), Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (334220), Other Communications Equipment Manufacturing (334290), Computer Terminal and Other Computer Peripheral Equipment Manufacturing (334118)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electronic Connectors (3678), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Guided Missiles & Space Vehicles & Parts (3760)

akta.pro primary industry

RF & Microwave Connectors and Coaxial Assemblies (HDAHAOAD)

Keywords

• Aerospace printed circuit boards
• Avionics subsystem manufacturing
• High-reliability PCB fabrication
• Cockpit control panels
• Defense electronics manufacturing

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. FTG Circuits (PCB Manufacturing): Manufactures and sells high-reliability rigid-flex, thermal management, RF products, and advanced HDI PCBs primarily to defense and space markets. Revenue generated from printed circuit board products across North American and China facilities.
2. FTG Aerospace (Avionics Subsystems): Produces cockpit and avionics products including backlit control panels, cockpit assemblies, AFIRS satcom systems, and Switch Interface Panels for commercial aerospace, defense, and space applications. Revenue from hardware sales and related certification services.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

Firan Technology Group (FTG) manufactures high-reliability printed circuit boards (PCBs) and advanced avionics sub-system hardware for aerospace, defense, and space applications. Operating through two divisions—FTG Circuits (rigid, rigid-flex, HDI, RF/microwave, and thermal management PCBs) and FTG Aerospace (backlit control panels, integrated switch panels, LRUs, cockpit assemblies, and AFIRS airborne satcom hardware)—FTG serves global aerospace and defense OEMs and government space agencies from facilities in Canada, the United States, China, and India.

Product overview

Firan Technology Group (FTG) operates as a global aerospace and defense electronics manufacturer through two primary divisions: FTG Circuits (printed circuit boards) and FTG Aerospace (avionics subsystems). FTG Circuits produces high-reliability rigid-flex, HDI, RF/microwave, and thermal management PCBs serving defense, space, and commercial aerospace customers globally, with facilities in Canada, the United States, and China. FTG Aerospace manufactures cockpit and avionics products including backlit control panels, integrated switch panels, LRUs, and chassis assemblies, plus acquired airborne hardware products (AFIRS) providing satcom voice/data, weather sensors, and flight deck communications solutions. The portfolio spans from raw PCB manufacturing through fully integrated avionics subsystems, with recent expansion into India via the Hyderabad facility.

Differentiator

Problem solved

Functional benefit

Brands

• AFIRS: Airborne Flight Information and Recording System - satcom voice and data solutions for aircraft
• AFIRS Edge
• AFIRS Edge+
• FLYHT-WVSS-II
• TAMDAR

Products and services

• FTG Circuits — High-Reliability Printed Circuit Boards High-reliability printed circuit board manufacturing, including rigid multi-layer, high-density interconnect (HDI), RF/microwave, rigid-flex, and thermal management PCBs, supplied to aerospace, defense, and space OEMs and prime contractors.
• FTG Aerospace — Avionics Sub-Systems and Cockpit Products
• AFIRS 228 Satcom Voice and Data
• AFIRS Edge
• AFIRS Edge+
• FLYHT-WVSS-II Weather Sensor System
• TAMDAR Weather Sensor
• Switch Interface Panels for Spacecraft (Orion/Artemis)

Quantifiable outcome

• 89% year-over-year bookings growth to CAD 86.7 million in Q2 2026
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• TPC (Joint Venture Partner)coreStrategic or Co-development PartnerFTG Printronics is a joint venture between FTG and TPC, specializing in supporting STD rigid commercial aerospace products. The joint venture is AS9100 and NADCAP accredited to support low-cost region requirements and closely coordinates with FTG Circuits Toronto for domestic support, customer service, and FGI/Kanban options.
• GMR Aerospace and Industrial ParkcoreOthersFTG Aerospace Hyderabad is located at the GMR Aerospace and Industrial Park in Hyderabad, India. This built-to-suit facility enables FTG's entry into the Indian aerospace market and aligns with the Make in India policy.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Curtiss-Wright: Diversified defense and aerospace electronics incumbent providing avionics, flight control, and ruggedized computing; broader portfolio than FTG but overlaps in cockpit/avionics subsystems and high-reliability defense electronics.
• TransDigm Group: Aerospace components conglomerate with a portfolio of proprietary, mission-critical electronic and electromechanical subsystems; competes with FTG Aerospace in cockpit electronics and integrated switch panels through acquired brands.
• Honeywell Aerospace: Tier-1 aerospace systems integrator producing avionics, flight management, and cockpit systems; competes with FTG Aerospace at the subsystem level and is itself a major customer for FTG Circuits PCBs.

Direct peers

• Amphenol Printed Circuits: Division of Amphenol focused on high-reliability rigid and rigid-flex PCBs for aerospace, defense, and space; directly comparable product portfolio and customer overlap with FTG Circuits (cited at 1% aerospace/defense PCB share).
• Jabil: Large global EMS provider with an aerospace and defense division that manufactures high-reliability PCBs and integrated avionics; competes with FTG across both PCB and avionics assembly work (cited at 1% aerospace/defense PCB share).
• Sanmina: Global EMS and PCB manufacturer with aerospace and defense vertical; competes with FTG in high-reliability PCB production and integrated avionics assemblies (cited at 1% aerospace/defense PCB share).
• TTM Technologies: Largest pure-play PCB manufacturer in North America with significant aerospace and defense exposure; directly competes with FTG Circuits in high-reliability, RF/microwave, and rigid-flex PCBs (cited as #2 in aerospace/defense PCB share at 2%).
• Mercury Systems: Specialty defense electronics company focused on mission-critical processing, RF/microwave, and avionics subsystems; competes with FTG in RF/microwave PCBs and high-reliability aerospace electronics serving similar defense primes.
• Ducommun: Aerospace and defense electronics manufacturer producing complex PCB assemblies, cable harnesses, and integrated avionics subsystems for fixed- and rotary-wing platforms; closest mid-cap US peer to FTG Aerospace.

Emerging players

• Iridium Communications: Satellite operator whose L-band network underpins much of the AFIRS Edge/Edge+ connectivity portfolio acquired by FTG through FLYHT; comparable as a satcom connectivity enabler in aviation rather than a direct PCB competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ftg-aerospace

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Firan Technology Group