FEIM news

Frequency Electronics appointed Allen Kaplan as CFO effective November 1, succeeding Steven Bernstein. The company reaffirmed its fiscal 2029 revenue, gross margin, and operating margin targets.

Frequency Electronics Inc. reported a record-funded backlog of $111 million and established ambitious targets for gross margin and revenue growth. These strategic initiatives in high-rate production are expected to significantly enhance the company's profitability profile in the coming fiscal years.

Frequency Electronics Inc. executed a credit agreement dated June 12, 2026, with JPMorgan Chase Bank, N.A. as lender. The facility provides the company with revolving credit commitments and establishes standard borrowing, repayment, and covenant terms.