Frequency Electronics stock jumps 8% on potential DoD missile spending boost
PositiveFinancial Markets

Frequency Electronics saw its stock surge by 8% following news of a potential increase in missile spending by the Department of Defense. This boost is significant as it reflects growing government investment in defense technologies, which could lead to increased revenue for the company. Investors are optimistic about the future, anticipating that this spending will enhance Frequency Electronics' market position and profitability.
— Curated by the World Pulse Now AI Editorial System