Optex Systems secures $2.8 million order for combat vehicle sighting systems

RICHARDSON, Texas - Optex Systems Holdings, Inc. (NASDAQ:OPXS), a defense contractor showing robust 21.8% revenue growth over the last twelve months, has been awarded a $2.8 million purchase order to supply optical sighting systems for the XM30 Combat Vehicle, the company announced Monday.

The contract calls for Optex to deliver 13 sighting systems to a major U.S. prime contractor, with deliveries scheduled for fiscal 2026. The systems will support the next milestone in the XM30 Combat Vehicle program. According to InvestingPro data, the company maintains strong financial health with a current ratio of 5.06, indicating robust operational stability.

"We are pleased to have been chosen for this critical optical assembly which encompasses many of Optex’s core competencies," said Danny Schoening, CEO of Optex Systems, in a press release statement.

According to the company, the project required an extremely complex optical design due to limited space constraints. Optex indicated it would utilize optical building blocks from previous designs combined with emerging technology to meet the requirements.

The periscopes and optical sighting systems are designed to provide durability, optical clarity, and reliability in combat environments.

With this new order, Optex Systems’ current backlog exceeds $41.4 million. The Richardson, Texas-based company, founded in 1987, manufactures optical sighting systems primarily for Department of Defense applications.

Optex’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. The company delivers products both directly to military services and to prime contractors.

In other recent news, Optex Systems Holdings, Inc. has secured a $5.7 million contract to produce laser filter units for the XM157 Next Generation Fire Control Scope. This contract will see deliveries scheduled from August 2025 to December 2026. The new deal increases Optex’s current order backlog to over $46 million, highlighting the company’s robust demand in the defense sector. Bill Bates, General Manager of the Applied Optics Center, emphasized the company’s commitment to providing high-performance laser protection devices for military applications. The announcement underscores the importance of the XM157 program to Optex’s operations. Founded in 1987, Optex Systems operates out of Richardson, Texas, and is ISO 9001:2015 certified. The company supplies a range of defense applications with optical sighting systems, including those used on U.S. military land vehicles like the Abrams and Bradley fighting vehicles. The press release also includes standard forward-looking statements about potential risks and uncertainties, which could cause actual results to differ from projections.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.