FREQUENCY ELECTRONICS Backlog Jumps to $111M in FY2026
FREQUENCY ELECTRONICS INC. reported a significant increase in its consolidated backlog to $111 million as of April 30, 2026, up from $70 million in the prior fiscal year, with 73% expected to be filled in fiscal year 2027. The company continues to rely heavily on U.S. Government contracts, which accounted for 91% of sales in fiscal year 2026, and maintains its focus on satellite payloads, C4ISR, and EW market segments. A corporate restructuring saw FEI-Elcom Tech, Inc. convert to an LLC, with its operations integrated into the FEI-NY segment. The company also highlighted risks associated with its dependence on government funding and a few major customers, as well as supply chain and workforce challenges.
Key Highlights
- Consolidated backlog increased to $111 million as of April 30, 2026, up from $70 million.
- Approximately 73% of the current backlog is expected to be filled during fiscal year 2027.
- U.S. Government contracts comprised 91% of consolidated sales in fiscal year 2026.
- FEI-NY segment generated 72% of consolidated revenues in fiscal year 2026.
- FEI-Zyfer segment generated 34% of consolidated revenues in fiscal year 2026.
- R&D expenditure was $6.1 million in both fiscal years 2026 and 2025.
- FEI-Elcom Tech, Inc. converted to a Delaware LLC on April 30, 2026, with operations continuing under FEI-NY.
Price Impact
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