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Frequency Electronics, Inc. was founded in 1962 and is now a well-established public company in Long Island, New York, and trades on the NASDAQ Stock Exchange under the symbol FEIM. It has five wholly-owned subsidiaries: FEI Communications Inc. and FEI Government Systems Inc., located in Mitchel Field, New York; FEI-Zyfer Inc., located in Garden Grove, California; FEI-Elcom Tech Inc., located in Northvale, New Jersey; FEI-Asia Ltd., located in the free trade zone in Tianjin, China. FEI and its subsidiaries are major worldwide suppliers of Precision Time and Frequency (PT&F) products for ground, seaborne, airborne, and space terminals and platforms used by commercial and government/military systems suppliers. In the mid-1990s, the Company transformed itself from a defense contract manufacturer into a high-tech provider of precision time and frequency products used to synchronize voice, data and video transmissions in wireless communications systems. These systems are found in both ground-based stations and on-board commercial satellites. The Company also continues to support the United States government with products for defense or space applications...