Frequency Electronics, Inc. is a provider of precision time and frequency technology. The Company operates under three segments: FEI-NY, Gillam-FEI and FEI-Zyfer. The Company's FEI-NY segment operates out of New York and its operations consist principally of precision time and frequency control products used in three principal markets: communication satellites (both commercial and the United States Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations, and other components and systems for the United States military. The Company's Gillam-FEI segment operates out of Belgium and France and primarily sells wireline synchronization and network management systems in non-United States markets. The Company's FEI-Zyfer operates out of California and its products integrate global positioning system (GPS) technologies into systems and subsystems for secure communications, both government and commercial and other locator applications.