Frequency Electronics, Inc. Announces Award of a Contract from the Office of Naval Research for the Development of A Mercury Ion Atomic Clock

Frequency Electronics, Inc. announced the award of a contract from the Office of Naval Research (ONR) to develop a Mercury Ion atomic clock for application to various US Naval platforms. Contract value, if all options are exercised, is approximately $20.2 Million. The base period of the contract is two years with two additional options of two years and one year respectively.