HIGHBuilt-in & outside partyCustomer
94%
U.S. Government programs
“10-K Item 1A: 'Government programs, from which we derived approximately 94% and 98% of our sales in fiscal 2025 and fiscal 2024, respectively'”
FEIM · Concentration risk · 10-K extracted
Frequency Electronics (FEIM) concentration risks
Updated
The most significant concentration Frequency Electronics discloses is U.S. Government programs 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 · 3 disclosed concentrations
HIGH1
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).
MEDIUMOutside partySupplier
limited number of suppliers for space qualified parts
“10-K Item 1A: 'FEI-NY is dependent on a limited number of suppliers for space qualified parts'”
LOWOutside partyCustomer
Northrop Grumman
“10-K Item 1A: 'During fiscal year 2025, only Northrop Grumman accounted for more than 10% of the Company'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-11Frequency Electronics is overwhelmingly a government-program business: U.S. Government programs supplied approximately 94% and 98% of sales in fiscal 2025 and fiscal 2024, respectively, a high-share exposure of mixed character. It is structural in that the end market is defense and space, yet it is also a dependency on appropriation and program-award decisions the company cannot control. Within that base, Northrop Grumman was the only customer to account for more than 10% of sales in fiscal 2025, a low-share exposure; the customer risk is therefore the government's budget cycle more than any one prime contractor. On the supply side, FEI-NY is dependent on a limited number of suppliers for space qualified parts, a medium-share exposure. That is the idiosyncratic risk that could delay deliveries on otherwise funded programs. Together, funding and program timing are the dominant swing factors, with the specialised parts supply chain as a secondary operational constraint.
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 |
|---|---|---|---|---|---|
| AAOI | Applied Optoelectronics, Inc. | 2 | 1 | 0 | 3 |
| FEIM● | Frequency Electronics, Inc. | 1 | 1 | 1 | 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.