HIGHBuilt-inCustomer
94%
U.S. Government
“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 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
“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: 'During fiscal year 2025, Northrop Grumman Company ... accounted for more than 10% of the Company's consolidated revenues.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-26Frequency Electronics' business is overwhelmingly structural in its concentration, built around two high-share exposures that describe what the company fundamentally is rather than counterparty-specific risk. Approximately 94% of sales were made under contracts to the U.S. Government or subcontracts for U.S. Government end-use (98% in the prior year), and approximately 76% of consolidated revenues came from products sold by the FEI-NY segment (73% in the prior year) — both high-share, structural features of a defense-and-government-focused business rather than idiosyncratic customer risk. Layered beneath these structural exposures are two smaller, dependency-driven items. FEI-NY is dependent on a limited number of suppliers for space qualified parts, a medium-share exposure that could pressure production if one of those suppliers were disrupted, and Northrop Grumman Company accounted for more than 10% of consolidated revenues in fiscal 2025, a low-share customer dependency. Netting these together, the government and FEI-NY-segment concentrations are the dominant, structural features of the business and are unlikely by themselves to move the investment thesis absent a broader shift in government spending, while the supplier and Northrop Grumman exposures are smaller, more idiosyncratic items that could matter at the margin but do not currently rise to a scale comparable with the structural exposures.
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.