Frequency Electronics, Inc. ("FEI" or the "Company") (NASDAQ-FEIM), a leading provider of precision timing and frequency control products for space and terrestrial applications, in advance of investor conferences in May and June, today announces the establishment of a new minimum target for revenue of $150 million by April 30, 2029, the end of the Company's fiscal year.

FEI President and CEO, Tom McClelland, commented, "Frequency has historically not provided guidance because our business can be non-linear on a quarterly or even annual basis. But as we end Fiscal 2026 today, we feel increasingly confident in our ability to project our growth on a multi-year basis because of the continuing expansion of our backlog and order book, as well as the significantly larg