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 Mfg. & Electronics Corp. Announces New $29.5 Million Contract Aw...

Espey Mfg. & Electronics Corp. Announces New $29.5 Million Contract Award Supporting U.S. Navy’s Columbia Class Submarine Program SARATOGA SPRINGS, N.Y., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces new material contract. The Company has been awarded a contract valued at $29.5 million, when fully funded, to provide electric power distribution panels for the U.S. Navy’s Columbia class submarines. Espey was chosen by General Dynamics Electric Boat and the U.S. Navy to manufacture components previously designed by Espey for the next-generat...

 PRESS RELEASE

Espey Declares Regular Quarterly Dividend of $0.25 Per Share; Appoints...

Espey Declares Regular Quarterly Dividend of $0.25 Per Share; Appoints New Corporate Secretary SARATOGA SPRINGS, N.Y., Dec. 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. The dividend will be payable on December 27, 2024 to all shareholders of record on December 20, 2024. Furthermore, the Board of Directors appointed Ms. Jennifer Pickering to the position of Corporate Secretary. Jennifer joined the Company as Chief Human Resources Officer in April 2024 and previously ...

 PRESS RELEASE

Espey Mfg. & Electronics Corp. reports first quarter results

Espey Mfg. & Electronics Corp. reports first quarter results SARATOGA SPRINGS, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first three months of fiscal year 2025. Net sales for the first quarter of fiscal year 2025, July 1 to September 30, 2024, were $10,443,218, compared with last year's first quarter net sales of $8,568,214. Net income for the quarter was $1,598,317, $0.61 per diluted share, as compared to net income of $1,094,544, $0.44 per diluted share for the same quarter last year. The backlog for the Compa...

Espey Manufacturing & Electronics Corp: 1 director

A director at Espey Manufacturing & Electronics Corp sold 4,881 shares at 29.636USD and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the ...

 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...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch