Optex Systems appoints Chad George as new president

RICHARDSON, Texas - Optex Systems Holdings, Inc. (NASDAQ:OPXS), a manufacturer of precision optical sighting systems for military and commercial applications, announced Monday the appointment of Chad George as its new president, effective immediately. The announcement comes as the company demonstrates strong momentum, with revenue growth of ~22% in the last twelve months and an "Excellent" financial health rating according to InvestingPro analysis.

George will report directly to Chief Executive Officer Danny Schoening and will be responsible for leading strategic initiatives, expanding the company into new market verticals, and collaborating with the executive team.

Prior to joining Optex, George served as Vice President of Operations and Supply Chain at Leonardo DRS. His career includes positions at Raytheon and Dr. Pepper before transitioning to the defense industry. He holds a Bachelor’s Degree in Industrial Engineering from Oklahoma State University and an MBA from the University of Texas at Dallas.

"With the continued expansion of our business and product lines, this is a pivotal time for Optex Systems," Schoening said in the press release. "Chad’s leadership experience and deep understanding of defense manufacturing and supply chain operations make him the ideal person to help lead our organization into the future."

In his new role, George will focus on expanding the company’s product portfolio and exploring adjacent markets to drive growth.

Optex Systems, founded in 1987, manufactures optical sighting systems primarily for Department of Defense applications. The company’s products are installed on various U.S. military land vehicles, including the Abrams and Bradley fighting vehicles, and have been selected for the Stryker family of vehicles.

In other recent news, Optex Systems Holdings, Inc. has secured significant contracts and made notable management changes. The company announced a five-year contract valued at up to $10.2 million from the Army Contracting Command - Detroit Arsenal for Abrams-based optical sighting systems. This contract includes an initial order exceeding $4.3 million, with deliveries starting in fiscal year 2026. Additionally, Optex Systems received a $2.8 million order to supply optical sighting systems for the XM30 Combat Vehicle, with deliveries also set for fiscal 2026. In management news, Hugh Bond has been promoted to General Manager of the Optex Division. Bond has been with Optex for 17 years and has taken on increasing responsibilities during his tenure. These recent developments highlight Optex Systems’ ongoing engagements in defense contracts and internal leadership advancements.

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