Welcome to our dedicated page for Frequency Electronics news (Ticker: FEIM), a resource for investors and traders seeking the latest updates and insights on Frequency Electronics stock.
Frequency Electronics, Inc. reports developments in precision timing, frequency generation and RF control products for space and terrestrial applications. Company news commonly covers contract awards tied to satellite payloads, position, navigation and timing systems, secure communications, C4ISR, electronic warfare, missiles, UAVs, aircraft, GPS, energy exploration and wireline and wireless networks.
Updates also include financial results, backlog and order-book commentary, multi-year revenue targets, research and development priorities, and subsidiary activity at FEI-Zyfer and FEI-Elcom Tech. The company’s disclosures emphasize space-qualified atomic clocks, secure timing capabilities, RF and microwave products, and mission-critical systems for commercial, government and military customers.
Frequency Electronics, Inc. (NASDAQ: FEIM) received a $4,964,810 PPP Loan from JPMorgan Chase on April 12, 2020, under the COVID-19 relief program. The company announced on May 6, 2020, that it has repaid this loan in full, indicating a strong financial position and operational stability despite initial concerns about COVID-19's impact. CEO Stanton Sloane noted that the need for the loan diminished as the company continued operations and collected payments. Frequency Electronics specializes in high precision timing and frequency generation products for various applications.