Frequency Electronics announces $16M in new defense contracts, pushing its total backlog above $100M for the first time.
Frequency Electronics (FEIM) announced it has won approximately $16M in new U.S. government contracts for oscillators and timing systems. The deals cover both space and non-space programs, signaling broader applications for its technology.
The company’s backlog now surpasses $100M, reflecting growing demand for its precision timing solutions. One of the awards marks FEIM’s expansion into an emerging sector, though specific details were not disclosed.
Shares of FEIM were inactive in after-hours trading following the announcement.