ESP Espey Manufacturing & Electronics Corp.

AESA Radar System being integrated in Modern Fighter Aircraft with Espey participating in multiple production programs

AESA Radar System being integrated in Modern Fighter Aircraft with Espey participating in multiple production programs

AESA radars are generally considered to be the most innovative and technologically-advanced type of tactical radar system and have become almost a necessity for modern fighter aircraft

SARATOGA SPRINGS, N.Y., Dec. 20, 2023 (GLOBE NEWSWIRE) -- In the realm of modern air combat, the integration of Active Electronically Scanned Array (AESA) radar has become an industry standard for all new generation fighters. Notably, many older fighter aircraft are undergoing retrofitting to incorporate AESA radars. At its core, air combat revolves around a fundamental principle - eliminating the enemy without falling victim to their retaliation, a concept Lockheed Martin aptly describes as “first-look, first-shot, first-kill capability.” This entails the ability to detect an enemy aircraft before they detect you, fire a missile, and neutralize the target without giving the opposing pilot a chance to respond.

Numerous factors contribute to achieving this capability, including an aircraft’s radar cross-section, missile range, and rules of engagement. However, radar technology plays a pivotal role in the crucial “first-look” aspect. A radar system must accurately pinpoint enemy aircraft in three-dimensional space to facilitate engagement, offering what experts refer to as a “weapons quality track.” It is widely acknowledged that AESA radars excel in achieving this more effectively than conventional mechanically scanned arrays.

Espey is actively engaged in several AESA radar programs, providing essential power systems and magnetic products to support these cutting-edge radar systems.

David O’Neil, Espey’s Chief Executive Officer, expressed, “As AESA Radar systems continue to advance and integrate into multiple flight platforms, Espey stands alongside its customers, supporting their power system requirements. We take great pride in our role as a key participant in advancing this groundbreaking technology and the essential power enhancements that accompany it.”

Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the internet at

For further information, contact Ms. Katrina Sparano at .

This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.



EN
20/12/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Espey Manufacturing & Electronics Corp.

 PRESS RELEASE

Espey Increases and Declares Regular Quarterly Dividend of $0.25 Per S...

Espey Increases and Declares Regular Quarterly Dividend of $0.25 Per Share SARATOGA SPRINGS, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of $0.25 per share, a 25% increase over the prior dividend. The dividend will be payable on September 27, 2024 to all shareholders of record on September 20, 2024. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet...

 PRESS RELEASE

Espey Increases and Declares Regular Quarterly Dividend of $0.20 Per S...

Espey Increases and Declares Regular Quarterly Dividend of $0.20 Per Share; Announces New Employment Agreement with Chief Executive Officer and Appoints New Assistant Corporate Secretary SARATOGA SPRINGS, N.Y., June 06, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of $0.20 per share, a 14% increase over the prior dividend. The dividend will be payable on June 24, 2024 to all shareholders of record on June 17, 2024. The Board of Directors is pleased to announce the signing of a new employme...

 PRESS RELEASE

Espey Mfg. & Electronics Corp. reports third quarter results

Espey Mfg. & Electronics Corp. reports third quarter results SARATOGA SPRINGS, N.Y., May 13, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the third quarter and the first nine months of fiscal year 2024. Net sales for the third quarter of fiscal year 2024, January 1 to March 31, 2024, were $8,254,653 compared with last year's third quarter net sales of $9,809,616. Net income for the quarter was $1,031,930, $0.40 per diluted share, as compared to net income of $867,288, $0.35 per diluted share for the same quarter last year. For th...

 PRESS RELEASE

Espey Increases and Declares Regular Quarterly Dividend of $0.175 Per ...

Espey Increases and Declares Regular Quarterly Dividend of $0.175 Per Share SARATOGA SPRINGS, N.Y., March 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of $0.175 per share, a 16% increase over the prior dividend. The dividend will be payable on March 28, 2024 to all shareholders of record on March 22, 2024. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers.  The Company can be found on the Internet at...

 PRESS RELEASE

Espey Mfg. & Electronics Corp. reports second quarter results

Espey Mfg. & Electronics Corp. reports second quarter results SARATOGA SPRINGS, N.Y., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first six months of fiscal year 2024. Net sales for the second quarter of fiscal year 2024, October 1 to December 31, 2023, were $10,302,541 compared with last year's second quarter net sales of $8,804,109. Net income for the quarter was $1,795,370, $0.72 per diluted share, as compared to net income of $1,146,042, $0.47 per diluted share for the same quarter last year. For the first six m...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch