{"id":1014568,"date":"2026-10-28T08:21:55","date_gmt":"2026-10-28T12:21:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/frequency-electronics-announces-approximately-12-million-in-new-contract-awards-supporting-space-and-defense-programs\/"},"modified":"2026-10-28T08:21:55","modified_gmt":"2026-10-28T12:21:55","slug":"frequency-electronics-announces-approximately-12-million-in-new-contract-awards-supporting-space-and-defense-programs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/frequency-electronics-announces-approximately-12-million-in-new-contract-awards-supporting-space-and-defense-programs\/","title":{"rendered":"Frequency Electronics Announces Approximately $12 Million in New Contract Awards Supporting Space and Defense Programs"},"content":{"rendered":"
\n

MITCHEL FIELD, N.Y., Oct. 28, 2026 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (\u201cFEI\u201d or the \u201cCompany\u201d) (NASDAQ-FEIM), a leading provider of precision timing and frequency control products, is pleased to announce that it has received multiple contract awards totaling approximately $12 million in support of U.S. Government space and defense programs.<\/p>\n

The awards span a diverse range of space and non-space defense applications, reflecting FEI’s ongoing presence across critical national programs. The space-related awards include long-lead material procurement and continued support for proliferated satellite architectures. The non-space awards include FEI’s heritage vibration-insensitive oscillators for naval and software-defined radio applications; secure timing and Positioning, Navigation, and Timing (PNT) subsystems supporting major missile programs; and resilient GPS receivers for ground-based communications timing applications for a major defense contractor.<\/p>\n

These awards highlight FEI’s ability to leverage its established product heritage while continuing to support evolving defense requirements across space, airborne, maritime, and ground-based platforms.<\/p>\n

FEI President and CEO, Tom McClelland, commented, \u201cWe are pleased to see continued demand for FEI’s precision timing technologies across a broad range of space and defense applications. These awards reflect both the strength of our established product portfolio and our ability to support the Department of War’s evolving architectures, including the expansion of proliferated space systems. Our continued participation in both longstanding and emerging programs demonstrates the confidence our customers place in FEI’s technology, performance, and reliability. Our ability to win contracts on both legacy and new programs is a fundamental part of our long-term growth story: our core space and defense businesses still have many years of growth ahead of them, on top of which we are layering in multiple new growth opportunities in much larger addressable markets, all of which are based on technology that leverages our long-standing market leadership in space and defense applications. In addition, we expect to win meaningful follow-on orders from some, if not all, of these contracts announced today.\u201d<\/p>\n

\n
\n About Frequency Electronics<\/u>
\n <\/strong>\n <\/p>\n

Frequency Electronics, Inc. (FEI) is a world leader in the design, development and manufacture of high precision timing, frequency generation and RF control products for space and terrestrial applications. FEI\u2019s products are used in satellite payloads and in other commercial, government and military systems including C4ISR and electronic warfare, missiles, UAVs, aircraft, GPS, secure communications, energy exploration and wireline and wireless networks. FEI-Zyfer provides GPS and secure timing capabilities for critical military and commercial applications; FEI-Elcom Tech provides Electronic Warfare (\u201cEW\u201d) sub-systems and state-of-the-art RF and microwave products. FEI has received over 100 awards of excellence for achievements in providing high performance electronic assemblies for over 150 space and DOD programs. The Company invests significant resources in research and development to expand its capabilities and markets.
www.frequencyelectronics.com<\/a><\/p>\n

\n FEI\u2019s Mission Statement:<\/u> \u201cOur mission is to transform discoveries and demonstrations made in research laboratories into practical, real-world products. We are proud of a legacy which has delivered precision time and frequency generation products, for space and other world-changing applications that are unavailable from any other source. We aim to continue that legacy while adapting our products and expertise to the needs of the future. With a relentless emphasis on excellence in everything we do, we aim, in these ways, to create value for our customers, employees, and stockholders.\u201d<\/p>\n

\n
\n Forward-Looking Statements<\/u>
\n <\/strong>\n <\/p>\n

The statements in this press release regarding future earnings and operations and other statements relating to the future constitute \u201cforward-looking\u201d statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, our inability to integrate operations and personnel, actions by significant customers or competitors, general domestic and international economic conditions, reliance on key customers, continued acceptance of the Company\u2019s products in the marketplace, competitive factors, new products and technological changes, product prices and raw material costs, dependence upon third-party vendors, other supply chain related issues, increasing costs for materials, operating related expenses, competitive developments, changes in manufacturing and transportation costs, the availability of capital, the outcome of any litigation and arbitration proceedings, and failure to maintain an effective system of internal controls over financial reporting. The factors listed above are not exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the Securities and Exchange Commission. The Company\u2019s Annual Report on Form 10-K for the fiscal year ended April 30, 2024, filed on August 2, 2024 with the Securities and Exchange Commission includes additional factors that could materially and adversely impact the Company\u2019s business, financial condition and results of operations, as such factors are updated from time to time in our periodic filings with the Securities and Exchange Commission, which are accessible on the Securities and Exchange Commission\u2019s website at www.sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New factors emerge from time to time and it is not possible for management to predict the impact of all these factors on the Company\u2019s business, financial condition or results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not rely on forward-looking statements as a prediction of actual results. Any or all of the forward-looking statements contained in this press release and any other public statement made by the Company or its management may turn out to be incorrect. The Company expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.<\/p>\n\n\n\n\n\n
Contact information:<\/td>\nDr. Thomas McClelland, President and Chief Executive Officer;<\/td>\n<\/tr>\n
\u00a0<\/td>\nSteven Bernstein, Chief Financial Officer;<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
TELEPHONE: (516) 794-4500 ext.5000<\/td>\nWEBSITE:\u00a0\u00a0www.freqelec.com<\/u><\/a><\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

MITCHEL FIELD, N.Y., Oct. 28, 2026 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (\u201cFEI\u201d or the \u201cCompany\u201d) (NASDAQ-FEIM), a leading provider of precision timing and frequency control products, is pleased to announce that it has received multiple contract awards totaling approximately $12 million in support of U.S. Government space and defense programs. The awards span a diverse range of space and non-space defense applications, reflecting FEI’s ongoing presence across critical national programs. The space-related awards include long-lead material procurement and continued support for proliferated satellite architectures. The non-space awards include FEI’s heritage vibration-insensitive oscillators for naval and software-defined radio applications; secure timing and Positioning, Navigation, and Timing (PNT) subsystems supporting major missile programs; and resilient GPS receivers for ground-based communications timing … <\/p>\n

Continue reading “Frequency Electronics Announces Approximately $12 Million in New Contract Awards Supporting Space and Defense Programs”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1014568","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFrequency Electronics Announces Approximately $12 Million in New Contract Awards Supporting Space and Defense Programs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/frequency-electronics-announces-approximately-12-million-in-new-contract-awards-supporting-space-and-defense-programs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Frequency Electronics Announces Approximately $12 Million in New Contract Awards Supporting Space and Defense Programs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MITCHEL FIELD, N.Y., Oct. 28, 2026 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. 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