Frequency Electronics, Inc. Announces Contract Increase for Approximately $5 Million
Rhea-AI Summary
Frequency Electronics (NASDAQ:FEIM) said its subsidiary FEI-Zyfer received two follow-on change orders totaling approximately $4.75 million for development and manufacture of a customized high-precision airborne time, synchronization, and frequency distribution system, with deliveries scheduled through 2027.
The systems are airborne-rated, support A-PNT/Alt-PNT avionics and JASA TFNG and AOCA COMINT requirements, and the announcement highlights continued customer and government commitment to the program. The company also cited development of a new Rubidium atomic clock optimized for airborne use.
Positive
- Contract increase of approximately $4.75 million
- Deliveries scheduled through 2027
- Systems support A-PNT/Alt-PNT and JASA TFNG/AOCA requirements
Negative
- None.
Insights
Follow-on change orders totaling
Frequency Electronics received two change orders worth approximately
Key dependencies and risks include continued acceptance by the Prime Contractor and the Government, timely execution of development milestones, and supply chain performance for specialized components. The press release explicitly links the additions to acknowledgment of prior work rather than new fixed-price terms, so cost, margin, and schedule exposure remain material to actual financial impact.
Watch the program milestones and delivery schedule through
GARDEN GROVE, Calif., Nov. 24, 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 two follow-on change orders with a combined value of approximately
Tom McClelland, President and CEO at Frequency Electronics, commented, “We are pleased to be able to support our customer and the U.S. Government for this mission-critical program. Our investment in the development of a revolutionary Rubidium Atomic Clock, optimized for use in the most demanding airborne applications, represents a quantum leap forward in clock design for field-deployable systems. No other field-deployable atomic clock on the market can match its performance.”
About Frequency Electronics
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 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 (“EW”) 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
FEI’s Mission Statement: “Our 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.”
Forward-Looking Statements
The statements in this press release regarding future earnings and operations and other statements relating to the future constitute “forward-looking” 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’s 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’s 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’s 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’s 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’s 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.
| Contact information: | Dr. Thomas McClelland, President and Chief Executive Officer; |
| Steven Bernstein, Chief Financial Officer; |
TELEPHONE: (516) 794-4500 ext.5000 WEBSITE: www.freqelec.com
FAQ
What did Frequency Electronics (FEIM) announce on November 24, 2025?
How large is the contract increase reported by FEIM and when are deliveries due?
What capabilities will the FEI-Zyfer airborne systems provide under the FEIM contract?
Does the FEIM announcement mention any new timing hardware?
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How should investors interpret the FEIM contract update?
