Frequency Electronics, based in Uniondale, New York, designs and manufactures precision time and frequency generation technology, employing 187 people across its FEI-NY and FEI-Zyfer segments. FEI-NY focuses on military and satellite systems, while FEI-Zyfer specializes in Precision Navigation and Timing using GPS technology.
FEIM has been in the news recently: Frequency Electronics, Inc. (NASDAQ:FEIM) experienced an increase in shares following the announcement of better-than-expected second quarter sales results. In contrast, U.S. stocks declined overall, with the Nasdaq Composite dropping over 400 points on Friday.
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