Brief: Frequency Electronics Announces Award Of A Contract From The Office Of Naval Research For Atomic Clock Development

Frequency Electronics

27/09/2021 21:04

Sept 27 (Reuters) - Frequency Electronics Inc  FEIM.O :
    * FREQUENCY ELECTRONICS, INC. ANNOUNCES AWARD OF A CONTRACT
FROM
THE OFFICE OF NAVAL RESEARCH FOR ATOMIC CLOCK DEVELOPMENT
    * FREQUENCY ELECTRONICS - TOTAL POTENTIAL CONTRACT VALUE, IF
ALL
OPTIONS ARE EXERCISED, IS ABOUT $17.75 MILLION
    * FREQUENCY ELECTRONICS - BASE PERIOD OF PERFORMANCE IS TWO
YEARS,
WITH TWO OPTION PERIODS OF TWO YEARS AND ONE YEAR, RESPECTIVELY

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