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0.000473791213647916 0.000473791213647916 -0.00114912048086281 -0.00380093697516138 -0.00742508618403609 -0.00123751436400602 0.0023866348448687 -0.00530363298859726
Stock impact report

Frequency Electronics Inc. Awarded Contract for Geostationary Satellite Constellation [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 that it has been awarded a significant contract to provide precision time and frequency systems for a geostationary environmental satellite program. This contract is valued at approximately $9.2 million. It includes oscillators, frequency distribution units and spares to be integrated into three satellites with deliveries scheduled through 2028. Four potential additional satellites will be procured in the future to augment the constellation. This contract highlights FEI's continued capability to perform in GEO constellations with the trusted reliability from heritage customers and programs. FEI's quartz oscillators are renowned for their reliability, stability, and precision—critical attributes for applications in space and defense. FEI President and CEO, Tom McClelland commented, “We are proud to be selected as a trusted supplier for this heritage program. This contrac Show less Read more
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