Frequency Electronics Awarded $18M In Aerospace And Government Contracts To Deliver Precision Frequency Systems For Next-Gen Satellites

Frequency Electronics, Inc. ("FEI" or the "Company") (NASDAQ-FEIM), a leading provider of precision timing and frequency control products for space and terrestrial applications, is pleased to announce the award of multiple contracts with a combined value of approximately $18 million. FEI has received an award of $11 million from a major aerospace prime contractor to supply on-board precision frequency-generation system for a proliferated satellite program In adddtion, FEI was awarded approximately $7 million in follow-on production contracts for both space oscillators and non-space U.S. Government programs.