Key Developments For Frequency Electronics Inc
Frequency Electronics Inc (FEIM.O) (Consolidated Issue listed on NASDAQ Global Market)
Frequency Electronics, Inc. Wins $4 Million Satellite Payload Products
Frequency Electronics, Inc. announced that it has received an authorization to proceed on a new contract, valued at approximately $4 million, to provide satellite payload products for a military space program. The products consist of timing and frequency generator systems to be delivered over the next eighteen months.
Frequency Electronics, Inc. Repurchases 615,000 Shares
Frequency Electronics, Inc. announced that it has purchased 615,000 shares of its outstanding common stock in a block transaction with what had been its institutional holder. The block was bought in connection with the Company's previously announced stock repurchase program for up to $5 million of its outstanding common stock.
Frequency Electronics, Inc. Appoints Auditors For Fiscal Year 2009
Frequency Electronics, Inc. announced that its Audit Committee has appointed Eisner LLP to be the Company's auditors for the Fiscal Year ending April 30, 2009.
Frequency Electronics, Inc. Comments On FY 2009 Profit Outlook
Frequency Electronics, Inc. announced that it expects improved margins and reduced expenses to result in operating profitability for fiscal 2009.
Frequency Electronics, Inc. Awarded Contract For Communication Synchronization Systems
FEI-Zyfer, a wholly owned subsidiary of Frequency Electronics, Inc. announced that it was recently awarded an approximately $1.4 million order for newly upgraded precision GPS-based time and frequency reference systems. These systems are incorporated into military communication infrastructure designed to transmit and receive secure voice, data and video communication to or from wireless, hard-wired or satellite sources. The order requires delivery of multiple systems over a two month period.
