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Announces Record $111 Million Funded Backlog, up 34% Sequentially and 59% AnnuallyEstablishes Three-Year Minimum Gross Margin Target of 50% and Operating Margin Target of 30%Reaffirms Three-Year Revenue Target of at Least $150 million, a 34% CAGREstablishes Path for Strong Operating Leverage by Front-Loading Investments and Pruning Non-Core Business MITCHEL FIELD, N.Y., July 15, 2026 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. ('FEI,” 'Frequency,” the 'Company,” 'we” or 'us”) (NASDAQ-FEIM) today announced its financial results for the fourth quarter and fiscal year 2026 and provided significant updates to its future profitability profile.