HIGHBuilt-inCustomer
94%
U.S. Government contracts/subcontracts
“10-K Item 1: 'approximately 94% and 98%, respectively, of the Company's sales were made under contracts to the U.S. Government or subcontracts for U.S. Government end-use'”
FEIM · Concentration risk · 10-K extracted
Frequency Electronics (FEIM) concentration risks
Updated
The most significant concentration Frequency Electronics discloses is U.S. Government contracts/subcontracts at 94%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Frequency Electronics’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH2
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inProduct / Revenue mix
76%
FEI-NY segment revenue
“10-K Item 1: 'approximately 76% and 73%, respectively, of the Company's consolidated revenues were from products sold by the FEI-NY segment'”
MEDIUMOutside partySupplier
space-qualified parts suppliers
“10-K Item 1: 'FEI-NY is dependent on a limited number of suppliers for space qualified parts.'”
LOWOutside partyCustomer
Northrop Grumman
“10-K Item 1: 'Northrop Grumman Company ("Northrop Grumman") accounted for more than 10% of the Company's consolidated revenues'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Frequency Electronics' concentration risk is heavily structural, with two overlapping high-share exposures reinforced by supply and customer dependencies. Approximately 94% and 98% of the company's sales were made under contracts to the U.S. Government or subcontracts for U.S. Government end-use — a structural exposure at a high disclosed share that makes the business almost entirely a government-contracting franchise. Separately, approximately 76% and 73% of consolidated revenues came from products sold by the FEI-NY segment, also a high-share structural concentration, meaning both the customer base and the product segment are each individually dominant features of the revenue mix. Underneath these, FEI-NY is dependent on a limited number of suppliers for space-qualified parts, a medium-share dependency, and Northrop Grumman individually accounted for more than 10% of consolidated revenues, a comparatively low-share customer dependency. These four exposures compound: a revenue base that is overwhelmingly government-facing and segment-concentrated also carries a named customer dependency and a specialized-parts supply constraint underneath it. For an investor, the structural pieces — government end-use and the FEI-NY segment — are the ones that could most plausibly move a verdict, while the supplier and Northrop Grumman exposures are secondary factors layered on top.
For the engine’s reasoning on FEIM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Communication Equipment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| FEIM● | Frequency Electronics, Inc. | 2 | 1 | 1 | 4 |
| AAOI | Applied Optoelectronics, Inc. | 2 | 1 | 0 | 3 |
| ADTN | ADTRAN Holdings, Inc. | 1 | 0 | 2 | 3 |
| CIEN | Ciena Corporation | 0 | 2 | 2 | 4 |
| BDC | Belden Inc | 0 | 2 | 1 | 3 |
| ASTS | AST SpaceMobile, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.