Frequency Electronics won new U.S. government contracts worth approximately $16 million for oscillators and timing systems across non-space and space defense programs. The company reported its fiscal year 2026 backlog exceeded $100 million for the first time, bolstering its target of at least $150 million revenue within three years.
Frequency Electronics announced approximately $16 million in new contracts for oscillators and timing systems, spanning both non-space and emerging space defense U.S. government programs. One award marks the company's entry into counter-space threats, leveraging its terrestrial secure communications expertise to develop a Time and Frequency Processor that includes algorithms, software, firmware and hardware.
At the end of fiscal year April 30, 2026, the company's backlog surpassed $100 million for the first time, reflecting all-time high funded orders. This milestone underpins longer-term revenue visibility and supports the firm's growth trajectory.
Leadership reiterated a goal of at least $150 million in revenue within three years, noting fiscal 2026 was a digestion year with pull-forward of revenue into fiscal 2025. The company expects its record backlog to translate into accelerated revenue growth starting in fiscal 2027 as it expands into larger end-markets.
