Frequency Electronics signals push toward $100M+ backlog with record Q3 awards and expanding defense contracts (NASDAQ:FEIM)

Core Insights - Frequency Electronics, Inc. (FEIM) has secured two contracts valued at approximately $45 million, indicating a strong performance in both traditional space satellite and new proliferated satellite sectors [2]. Management View - CEO Thomas McClelland highlighted the achievement of record Q3 awards, which signals a push toward a backlog exceeding $100 million [2]. - The expansion of defense contracts is a key focus for the company, reflecting its strategic direction in the growing defense sector [2].