HIGHBuilt-in & outside partyCustomer
91%
U.S. Government programs
“10-K Item 1A: 'we rely heavily on U.S. Government programs, from which we derived approximately 91% and 94% of our sales in fiscal year 2026'”
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 91%, 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.
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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 · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
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 partyCustomer
Lockheed Martin, L3Harris and Boeing each over 10% of revenues
“10-K Item 1A: 'Lockheed Martin, L3Harris, and Boeing each accounted for more than 10% of the Company’s consolidated revenues'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Frequency Electronics derives nearly all its revenue from government-linked programs. It relied on U.S. Government programs for approximately 91% of its sales in fiscal year 2026, versus 94% in the prior year, a high-share exposure that the filing describes as a heavy reliance. The character is mixed: government funding provides stable, long-cycle demand, but it also exposes the company to budget decisions, program cancellations, and contract-termination rights that it cannot influence. Beneath that, Lockheed Martin, L3Harris, and Boeing each accounted for more than 10% of consolidated revenues, a medium-share exposure. These named prime contractors are effectively the channel through which much of the government spending reaches the company, so a loss or delay at any of them would be counterparty-specific and could affect revenue quickly. Taken together, the government exposure is the structural anchor, while the prime contractor relationships are the idiosyncratic layer on top of it. They are closely related rather than independent, since the contractors are largely the vehicle for the same government demand. The slight decline from the prior year is a modest move, and the profile remains tied to defense and aerospace funding.
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 | 0 | 2 |
| 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.