Business
Frequency Electronics, Inc. Announces Contract Increase for Approximately $12 Million
GARDEN GROVE, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- FEI-Zyfer, Inc., a wholly-owned subsidiary of Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM), a leading provider of precision timing and frequency control products, is pleased to announce the receipt of a $12 million contract increase for the development and manufacture of a customized version of our high-precision airborne time, synchronization, and frequency distribution system, with deliveries scheduled through 2027.
About this update from Frequency Electronics, Inc.
[{"type":"text","content":"GARDEN GROVE, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- FEI-Zyfer, Inc., a wholly-owned subsidiary of Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM), a leading provider of precision timing and frequency control products, is pleased to announce the receipt of a $12 million contract increase for the development and manufacture of a customized version of our high-precision airborne time, synchronization, and frequency distribution system, with deliveries scheduled through 2027. Our airborne-rated systems provide the ability to function in high-dynamic environments, while providing interoperability with the latest on-board technologies such as assured and Alternate-Position, Navigation and Timing (Alt-PNT) avionics. Furthermore, they support collaborative airborne operations and cooperative engagement scenarios for Joint Airborne Signals Intelligence Architecture (JASA); Time, Frequency, Navigation and Geodesy (TFNG); and Airborne Overhead Cooperative Operations Communications Intelligence Joint Interface Control Document (AOCO COMINT JICD) requirements. This contract highlights FEI’s continued leadership in the high-performance frequency control industry and underscores the company’s long-standing commitment to support critical aerospace and defense programs.","length":1297,"tagName":"p"},{"type":"text","content":"Tom McClelland, President and CEO at Frequency Electronics, commented, “We are pleased to be selected as a trusted supplier for advanced avionics applications in these mission-critical programs. This contract is a testament to the quality and precision of our products and the value we provide to our customers and the war fighters. It also reflects the growing demand for advanced airborne time and frequency distribution systems vital to our country’s defense","length":461,"tagName":"p"},{"type":"text","content":"About Frequency Electronics","length":27,"tagName":"p"},{"type":"text","content":"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’s 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 explora...