Frequency Electronics, Inc. (NASDAQ: FEIM) said it has been awarded a new satellite contract anticipated to exceed USD11m.
The contract calls for Frequency to design and develop a payload master timing and frequency generator system for US government end-use. Work on this cost-plus contract is expected to be completed within 18 months followed by additional orders for flight systems.
Frequency Electronics, Inc. is a world leader in the design, development and manufacture of high precision timing, frequency control and synchronization products for space and terrestrial applications. Its website is at www.frequencyelectronics.com