GARDEN GROVE, Calif., Aug. 25, 2025 (GLOBE NEWSWIRE) -- FEI-Zyfer, Inc., a wholly-owned subsidiary of Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM), a leading provider of precision timing and frequency control products, is pleased to announce the receipt of a contract from the Defense Logistics Agency - Aviation Division at Redstone Arsenal, AL for additional systems in support of the Patriot Missile system. The base year (Year 1) contract value is $3.14 million dollars, with a period of performance through October 30, 2026. In addition, the contract includes delivery options for Year 2 of $1.71 million dollars, and a Year 3 option of $1.80 million dollars.
Related Questions
How will the $3.14 M contract and its optional extensions affect FEI‑Zyfer’s quarterly revenue forecasts?
What is the likelihood that the Year 2 and Year 3 options will be exercised, and how might that influence the stock’s upside potential?
How does this defense contract win compare to recent awards for peers in the precision timing sector and affect FEI‑Zyfer’s competitive positioning?