Frequency Electronics, Inc. Set to Join Russell 2000 and 3000 Indexes

Core Viewpoint - Frequency Electronics, Inc. has been added to the Russell 3000 and Russell 2000 indexes, marking a significant milestone for the company and enhancing its visibility among institutional investors [1][2]. Company Overview - Frequency Electronics, Inc. is a leader in precision timing and frequency control products, serving both space and terrestrial applications [4]. - The company’s products are utilized in various sectors, including satellite payloads, military systems, and secure communications [4]. - Frequency Electronics has received over 100 awards for excellence in high-performance electronic assemblies for more than 150 space and Department of Defense programs [4]. Market Impact - The inclusion in the Russell indexes is expected to provide expanded access to capital markets and increased liquidity for shareholders [2]. - Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes, indicating the significance of this inclusion for the company [3]. Index Membership Details - Membership in the Russell 3000 Index is determined by market capitalization rankings and style attributes, and it remains in place for one year [2]. - Automatic inclusion in either the large-cap Russell 1000 or small-cap Russell 2000 indexes is a direct result of being part of the Russell 3000 [2].