---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-23-000189"
form_type: "8-K"
ticker: "ESP"
cik: "0000033533"
company_name: "ESPEY MFG & ELECTRONICS CORP"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:04:07.096666+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Espey awarded $7.4M Navy funding for facility and equipment upgrades

## Summary
- $7.4M in funding from U.S. Navy for facility and capital equipment upgrades at Saratoga Springs, NY site.
- Work is part of Navy's Surface Combatant Industrial Base investment; completion expected in 2024.
- Company expects payment within 30 days after invoice submission; cash outlay required for income taxes on award value.
- Award supports testing and qualification capabilities for Navy surface combatants.

## SEC filing metadata
- accession: 0001174947-23-000189
- form_type: 8-K
- ticker: ESP
- cik: 0000033533
- company_name: ESPEY MFG & ELECTRONICS CORP
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/33533/000117494723000189/0001174947-23-000189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33533/000117494723000189/form8k-29388_esp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-23-000189
- JSON: https://secwatch.observer/filing/0001174947-23-000189.json
- Plain text: https://secwatch.observer/filing/0001174947-23-000189.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.