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-0.00185356811862816 -0.00185356811862816 -0.00185356811862816 -0.00185356811862816 -0.00185356811862816 -0.00185356811862816 0.0101946246524561 0.0472659870250233
Stock impact report

Frequency Electronics, Inc. Announces It Has Been Selected For a $4.5M Contract

Frequency Electronics, Inc. (FEIM) 
US:NASDAQ Investor Relations: ir.freqelec.com/home
Company Research Source: GlobeNewswire
MITCHEL FIELD, N.Y., Jan. 25, 2019 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. (NASDAQ-FEIM) announced today that it has been selected for an approximately $4.5M contract to supply precision timing and microwave frequency generation systems for a secure US Government space application.  These systems will augment the capabilities of an existing constellation of satellites for which Frequency previously provided similar equipment. Work on the contract will be completed within 18 months of contract award. Stanton Sloane, FEI’s CEO commented, “We are very proud that we were selected to provide our proprietary technology that supports our warfighters and contributes to the security of the United States.” Martin Bloch, Executive Chairman also said, “It is FEI’s unique capability to build the critical elements of these systems in-house that enables us to meet the performance, reliability, and schedule required for this mission.” About Frequency ElectronicsFrequency Electronics, Inc Show less Read more
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