Frequency Electronics Announces Chief Financial Officer Transition; Reaffirms Fiscal 2029 Financial Targets
Frequency Electronics elected Allen Kaplan as its new CFO effective November 1, 2026, succeeding Steven L. Bernstein, who retires the same day after 16 years with the company. Kaplan brings over 21 years of defense-sector finance experience, most recently as VP of Finance and Business Operations at Leidos Defense Sector, with prior roles at Lockheed Martin from 2005 to 2016.
Key figures
- Guidance
- Three-year targets reaffirmed: minimum revenue of $150 million by FY2029, minimum gross margin of 50%, minimum operating margin of 30%
- Fy2029 revenue target usd
- 150000000
- Fy2029 gross margin target
- 50%
- Fy2029 operating margin target
- 30%
AI analysis
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