11 January 2011

 

Frequency Electronics, Inc. has been awarded a follow-on contract of approximately $12 million for a U.S. Government high capacity, secure communications satellite program. This additional award to an existing multi-year contract brings the total contract value to over $20 million.

 

The system to be supplied under this follow-on contract was previously developed and delivered by Frequency and subsequently launched in earlier phases of the program. Frequency will deliver the master timing system and frequency reference source for the entire satellite. The system consists of redundant quartz oscillators, rubidium atomic clocks, frequency synthesizers and DC to DC converters.

 

Participation in this program as well as the multiple satellite program award announced in December (See the Company's press release of December 8, 2010), demonstrates the importance of Frequency's role in supporting U.S. Government secure communication systems. These systems are critical for ongoing and future government operations and for the security of the United States.

 

President and CEO, Martin Bloch, observed, "Our more than 40-year legacy of unparalleled performance on similar satellite applications keeps us in the lead in timing and frequency generation systems for broadband secure communications. This leadership position provides our Company with major opportunities for growth and profitability."