Optex Systems Holdings, Inc. (Nasdaq: OPXS) Secures $2.1 Million Contracts for Armored Vehicle Production

2 min read | September 24, 2024 01:13 AM PDT | By Team Kalkine Media

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Optex Systems Holdings, Inc. (Nasdaq: OPXS) Secures $2.1 Million Contracts for Armored Vehicle Production — Image source: Shutterstock

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Optex Systems Holdings, Inc., a prominent manufacturer of precision optical sighting systems, has announced that it has secured contracts worth $2.1 million from two domestic customers to support ongoing armored vehicle production. This significant contract reflects Optex’s commitment to providing high-quality optical systems for both military and commercial applications, with deliveries expected over the next 18 months.

Danny Schoening, CEO of Optex Systems, emphasized the importance of these contracts for domestic armored vehicle manufacturers. “Optex continues to support our domestic armored vehicle manufacturers through the ongoing supply of laser protected periscopes. These units provide our customers with real-time situational awareness while protecting them from harmful laser strikes,” Schoening stated. The periscopes are essential for enhancing the safety and operational effectiveness of military vehicles in the field.

With the recent contracts, Optex’s current backlog now exceeds $45 million, indicating robust demand for its products and services. This growing backlog highlights the company’s ability to secure significant contracts and its ongoing role as a critical supplier to the U.S. military and defense contractors.

Founded in 1987 and based in Richardson, Texas, Optex Systems is an ISO 9001:2015 certified company specializing in the manufacture of optical sighting systems and assemblies. The company’s products are designed primarily for Department of Defense (DOD) applications and are installed on various U.S. military land vehicles, including the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and the Stryker family of vehicles.

In addition to periscopes, Optex produces a variety of optical solutions, including rifle sights, surveillance sights, and night vision optical assemblies. The company delivers its innovative products directly to military services and prime contractors, ensuring that they meet the highest standards of quality and performance.

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