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0.00595864002804072 0.0164738871363477 0.0322467577988083 0.0208552400981423 0.0115667718191378 -0.0493340343498072 -0.0368033648790747 -0.0494216614090431
Stock impact report

Frequency Electronics Inc. Announces Contract Awards Valued at Approximately $45 million [Yahoo! Finance]

Frequency Electronics, Inc. (FEIM) 
US:NASDAQ Investor Relations: ir.freqelec.com/home
Company Research Source: Yahoo! Finance
precision timing and frequency control products for space and terrestrial applications, is pleased to announce the award of two contracts for satellite programs. One contract is in the domain of FEI's traditional space satellite programs, and one is part of the new proliferated satellite paradigm. The contracts are valued at approximately $45 million on a combined basis, and the Company expects that this new business will begin to enter funded backlog in this current fiscal fourth quarter of 2026. Further, FEI anticipates additional awards of similar magnitude in this calendar year. FEI President and CEO, Tom McClelland, commented, “We are extremely pleased with these awards and the opportunity to deliver mission-critical technology for current and next-generation satellite platforms. These two awards are good examples of our ability to become a substantially larger company in the years to come as we layer in new growth opportunities, which are built upon our industry-leading capabi Show less Read more
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