 MITCHEL FIELD, N.Y., Feb. 24, 2021 GLOBE NEWSWIRE -- Frequency Electronics, Inc. FEI or the Company NASDAQ-FEIM today announced the selection of its high performance oscillators and microwave frequency generation units for ultimate application on a key US government satellite system. This first phase contract is valued at approximately 17M, with a four year period of performance. A Phase 2 follow-on contract for additional flight units is anticipated. 