Frequency Electronics, Inc. shares rise 4.38% premarket after Filtronic PLC secures GBP13.4 million contract for electronic sensors.

Frequency Electronics, Inc. rose 4.38% in premarket trading. The company's stock price increase may be attributed to the recent news of Filtronic PLC securing a GBP13.4 million contract for electronic sensors in the aerospace and defense sector. This contract highlights the market's confidence in Filtronic's ability to execute complex programs, which could positively impact Frequency Electronics, Inc. as a related company in the microelectronics industry.