FREQUENCY ELECTRONICS INC

Frequency Electronics, Inc. (NASDAQ: FREL) is a world leader in precision time and frequency generation technology incorporated into commercial and U.S. Government satellites, command and control systems, and electronic warfare applications. The company's website is www.frequencyelectronics.com.

Founded in 1961 as a research and development firm, Frequency Electronics has evolved into a designer, developer, and manufacturer of state-of-the-art products serving both commercial and government end-users. The company's mission centers on providing precision time and low phase noise frequency generation systems ranging from 1 Hz to 46 GHz for space and other challenging environments. Its technology serves as a key element in enhancing functionality and performance across numerous electronic systems.

The company operates through two reportable segments: FEI-NY and FEI-Zyfer. FEI-NY, based at the company's Long Island, New York headquarters, designs and manufactures U.S. Government and commercial satellite electronics, military products, and commercial telecom solutions. This segment generated approximately 72 percent of consolidated revenues in fiscal 2026. FEI-Zyfer, operating from California, designs and manufactures products incorporating GPS technologies and high-precision clocks, contributing approximately 34 percent of consolidated revenues. The sum exceeds 100 percent due to intersegment sales.

Frequency Electronics employs 242 people, with 99 percent based in the United States. The company maintains a highly specialized workforce with an average tenure of approximately 11 years, reflecting the technical expertise required for its precision engineering and manufacturing operations.

The company's principal end markets include time and frequency generation systems for satellite payloads and terrestrial secure command control and communications systems. Approximately 91 percent of fiscal 2026 sales were made under contracts to the U.S. Government or subcontracts for U.S. Government end-use. The company's consolidated backlog reached approximately $111 million as of April 30, 2026, with approximately 73 percent expected to be filled during the subsequent fiscal year.

Frequency Electronics competes primarily on product accuracy, performance, reliability, and ability to function under severe environmental conditions, supported by a strong track record of responsive contract performance and technical competence. The company maintains a robust research and development program focused on improving core physics and electronic performance in its time and frequency products while developing new capabilities for emerging markets including quantum sensing applications.