# Frequency Electronics Appoints New CFO

> Frequency Electronics names Allen Kaplan as new CFO, reaffirms 2029 financial targets.
- Title: Frequency Electronics Appoints New CFO · Financialpost
- Summary: Frequency Electronics names Allen Kaplan as new CFO, reaffirms 2029 financial targets. Frequency Electronics appoints Allen Kaplan as CFO effective November…
- Keywords: frequency electronics, allen kaplan, chief financial officer, nasa, fiscal 2029, revenue target, gross margin, operating margin, money, business, Frequency, Electronics
- Source: Financialpost — https://financialpost.com/globe-newswire/frequency-electronics-announces-chief-financial-officer-transition-reaffirms-fiscal-2029-financial-targets
- Read time: 1 min
- Topics: frequency electronics, allen kaplan, chief financial officer, nasa, fiscal 2029, revenue target, gross margin, operating margin, money, business
## New CFO Appointed
Frequency Electronics announces Allen Kaplan as new CFO effective November 1, 2026.
## CFO Background
Kaplan previously led finance at Leidos Defense Sector and worked at Lockheed Martin from 2005 to 2016.
## CFO Transition
Kaplan succeeds Steven L. Bernstein, who retires effective November 1, 2026.
## CEO Statement
CEO Tom McClelland praised Kaplan's 21 years of experience and thanked Bernstein for 16 years of service.
## Financial Targets
Company reaffirms minimum revenue of $150 million, gross margin of 50%, and operating margin of 30% by fiscal 2029.
## Company Background
Frequency Electronics is a world leader in precision time and frequency generation technology for satellites and defense systems.
## CFO Experience
Kaplan served as Business Operations Director at Leidos from 2022 and held increasing finance roles since 2016.
## Education
Kaplan earned a Bachelor’s in Supply Chain Management from Pennsylvania State University and a Master of Business Administration from Villanova University.
## Key takeaway

Frequency Electronics appoints Allen Kaplan as CFO effective November 1, 2026, and reaffirms minimum revenue of $150 million by fiscal 2029.