Frequency Electronics sees three-year revenue target of at least $150M

The company is establishing this minimum target by the end of its FY29, which represents a compound annual growth rate north of 30%. Growth is expected to be driven by the expansion of the company’s backlog and order book to all-time highs, as well as development in next-generation markets like quantum sensing, proliferated satellites, and space exploration. “Frequency has historically not provided guidance because our business can be non-linear on a quarterly or even annual basis. But as we end Fiscal 2026 today, we feel increasingly confident in our ability to project our growth on a multi-year basis,” said CEO Tom McClelland.