FEI Announces Record Backlog and Ambitious 2029 Margin Targets
Frequency Electronics (FEIM) announced a record funded backlog of $111 million, up 34% sequentially and 59% year-over-year, giving strong visibility into future growth. It set a three-year plan to reach 50% gross margin and 30% operating margin by 2029 and reaffirmed a $150 million revenue target by 2029, supported by higher-volume production and selective restructuring. The company expects to resume robust cash generation in 2027 as backlog-driven demand expands.
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