secwatch.observer — SEC 8-K summary
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Issuer:     ESPEY MFG & ELECTRONICS CORP (ESP)
CIK:        0000033533
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001174947-23-000189
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33533/000117494723000189/0001174947-23-000189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33533/000117494723000189/form8k-29388_esp.htm
  HTML page:      https://secwatch.observer/filing/0001174947-23-000189

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