- Frequency Electronics, Inc. [NASDAQ:FEIM) has new contracts with a total value of more than $9 million for two, long-term, domestic satellite programs. Under these contracts, Frequency will supply payload clocks, RF microwave generators and frequency synthesizers. Both awards also represent a significant opportunity for Frequency to supply additional products, increasing the dollar value and scope of work on these satellite programs over time. Oleandro Mancini, Vice President of Business Development, said, “We are very pleased to have received these important contract awards. They support our expectation of sharply increasing revenues from satellite payload products.” Frequency’s products are used in commercial, government and military systems, including satellite payloads, missiles, UAVs, aircraft, GPS, secure radios, SCADA, energy exploration and wireline and wireless communication networks. Frequency has received over 60 awards of excellence for achievements in providing high performance electronic assemblies for over 120 space programs—Mitchell Field, New York
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