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Frequency Electronics, Inc. (FEIM) designs, develops, and manufactures precision time and frequency control products for satellite payloads and terrestrial secure communication systems. The company serves both commercial and U.S. Government markets, providing critical technologies for applications such as satellite communications, electronic warfare, and secure command and control systems. FEIM operates through two main segments, FEI-NY and FEI-Zyfer, and focuses on high-precision timing systems and GPS-enabled technologies.
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Satellite Payload Products - Provides master timing systems, power converters, and frequency generation, synthesis, and distribution systems for commercial and U.S. Government satellites, supporting operations in Geostationary, Medium, and Low Earth Orbits.
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Terrestrial Secure Communication Systems - Offers ruggedized, high-precision clocks and GPS-enabled technologies for secure command, control, and communications systems, addressing threats like GPS signal jamming and spoofing.
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FEI-NY Segment - Manufactures precision time and frequency generation systems, synchronization products, and RF microwave modules for satellite payloads, electronic warfare, SATCOM communication, and signal intelligence applications.
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FEI-Zyfer Segment - Designs and produces GPS-enabled technologies and high-precision clocks for terrestrial secure communications and embedded systems, collaborating with FEI-NY on joint product development.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Thomas McClelland ExecutiveBoard | President and Chief Executive Officer | Thomas McClelland has been serving as the President and Chief Executive Officer at FEIM since January 17, 2023. He began his career at FEIM in 1984 and has advanced through roles including Vice President, Commercial Products (1999), Senior Vice President and Chief Scientist (January 2020), before assuming his current role. | View Report → | |
Oleandro Mancini Executive | Senior Vice President, Business Development | Oleandro Mancini is the Senior Vice President, Business Development at FEIM. He joined FEIM in August 2000 as Vice President, Business Development and was promoted to his current role in 2010. | ||
Steven L. Bernstein Executive | Chief Financial Officer, Secretary, and Treasurer | Steven L. Bernstein serves as the Chief Financial Officer, Secretary, and Treasurer at Frequency Electronics, Inc. since April 2016, having joined FEIM as Controller in April 2010 and later assuming additional responsibilities in January 2019. He also brings prior financial expertise from his role with the North America accounting group at Arrow Electronics. | ||
Jonathan Brolin Board | Director | Founder and Managing Partner, Edenbrook Capital, LLC | Jonathan Brolin has served as a Director of FEIM since November 2017 and currently chairs the Audit Committee, having also served as Lead Independent Director from 2018 to 2020. He brings over 25 years of finance and investment experience, including founding Edenbrook Capital, LLC. | |
Lance W. Lord Board | Chairman of the Board | Founder and Chairman of L2 Aerospace; Founder and Chairman of OmniTeq; Chairman of Hera Systems Advisory Board; Member of Iridium Corporation’s Government Advisory Board; Board Member at BONEAL Aerospace; Senior Associate at Four Star Group | Lance W. Lord is a retired four-star general with a 37-year military career and extensive aerospace and corporate governance experience, having joined FEIM as a director in September 2016 and becoming Chairman of the Board in May 2022. | |
Richard Schwartz Board | Director | Board Director at Astronautics Corporation of America | Richard Schwartz is a director at FEIM since 2004 with extensive experience in the aerospace and defense sectors, having previously served as CEO and Chairman of ATK and as President of the Rocketdyne Division at Rockwell International. He has played a key role in the development of GPS and is recognized in the GPS Hall of Fame and with the Queen Elizabeth Prize for Engineering. | |
Russell M. Sarachek Board | Director | Managing Director at Contra Capital Management, LLC | Russell M. Sarachek has served as a Director at Frequency Electronics, Inc. (FEIM) since August 2016. He also served as Chairman of the Board from June 2020 to May 2022 and currently holds the role of Managing Director at Contra Capital Management, LLC, demonstrating his extensive expertise in corporate governance and strategic management. |
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Given the significant investments required for product development in areas like quantum sensors and radiation hardening, does the company have sufficient financial resources to meet these needs without straining your balance sheet, and what funding strategies are in place to support these initiatives?
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With uncertainties in Washington and potential delays in government contracts, how is the company managing the risk of revenue fluctuations, and what steps are you taking to diversify your customer base or revenue streams beyond government contracts?
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Considering that you currently have no products in the quantum sensing segment and anticipate revenue primarily from development contracts over the next one to two years, how confident are you in the market potential of these technologies, and what is the timeline for bringing actual products to market?
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As you enter the proliferated satellite market, where cost and speed are critical, how does the company plan to compete against larger players with more resources, and what are the risks associated with adapting your products for this market, especially regarding radiation hardening and digital circuitry challenges?
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R&D expenses have increased substantially, impacting operating income. How do you balance the need for increased R&D investments with maintaining profitability, and what is the expected return on these investments in terms of new products or revenue streams?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company faces competition from the in-house capabilities of its major customers, which include this competitor, particularly in the space products segment. | |
This competitor is mentioned as one of the major customers with in-house capabilities that compete with the company's space products. | |
This competitor is identified as having in-house capabilities that compete with the company's space products. | |
This competitor is noted as a larger domestic company competing with the company in non-space products, such as systems for precision time for terrestrial secure communication and command and control. | |
This competitor is mentioned as a larger domestic company competing in the non-space products market, including systems for precision time and electronic warfare applications. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Lockheed Martin | Major prime contractor for the U.S. Government | All | Accounts for more than 10% of FEIM’s FY24 total revenue of $55.3 million (> $5.53 million) |
Northrop Grumman | Major prime contractor for the U.S. Government | All | Accounts for more than 10% of FEIM’s FY24 total revenue of $55.3 million (> $5.53 million) |
Office of Naval Research | U.S. Government agency | All | Accounts for more than 10% of FEIM’s FY24 total revenue of $55.3 million (> $5.53 million) |
BAE Systems | Major defense contractor for the U.S. Government | All | Accounts for more than 10% of FEIM’s FY24 total revenue of $55.3 million (> $5.53 million) |
No recent press releases or 8-K filings found for FEIM.