Mar. 11 at 8:05 PM
$FEIM Frequency Electronics awarded
$45M in contracts for satellite programs
Frequency Electronics announced the award of two contracts for satellite programs. One contract is in the domain of FEI's traditional space satellite programs, and one is part of the new proliferated satellite paradigm. The contracts are valued at approximately
$45M on a combined basis, and the company expects that this new business will begin to enter funded backlog in this current fiscal fourth quarter of 2026. Further, FEI anticipates additional awards of similar magnitude in this calendar year.
FEI president and CEO, Tom McClelland, commented, "We are extremely pleased with these awards and the opportunity to deliver mission-critical technology for current and next-generation satellite platforms. These two awards are good examples of our ability to become a substantially larger company in the years to come as we layer in new growth opportunities, which are built upon our industry-leading capabilities, on top of a strong and growing core business. Proliferated satellite programs are one of the major growth markets we are pursuing, and we are starting to see a meaningful increase in the amount of quoted work there. We look forward to sharing more such awards in the coming quarters."
