Frequency Electronics (FEIM) announced the follow-on award of several contracts from a major aerospace company for precision “g” (acceleration) compensated Oven-controlled Quartz Oscillators for ultimate application in US Government software-defined radio systems. These precision oscillators incorporate FEI’s patented technology for operating in high dynamic environments and generate precise frequencies that are critical to overall performance of the Link 16 system. The contracts are valued at approximately $6M. Follow-on contracts for additional units valued at over $2M are anticipated within three months.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FEIM:
- FEI-Zyfer announces contract awards for $6M
- Frequency awarded contract for geostationary satellite constellation
- Twelve new option listings and two option delistings on December 24th
- Frequency Electronics downgraded to Hold from Buy at Freedom Capital
- Frequency Electronics Reports Robust Growth Amid Challenges