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RICHARDSON, TX - Optex Systems Holdings, Inc. (NASDAQ:OPXS), a manufacturer specializing in precision optical sighting systems, has received a $4.2 million contract from BAE Systems. This firm fixed price purchase order is to supply laser protected periscopes and optical sighting systems for the Bradley Fighting Vehicle used by the U.S. Military, with deliveries scheduled over the next 28 months. The company, which boasts a "GREAT" financial health rating according to InvestingPro, has demonstrated strong revenue growth of 23% over the last twelve months.
Optex Systems, which was established in 1987 and is ISO 9001:2015 certified, will provide the U.S. Army with advanced optical systems designed for enhanced durability and clarity in combat conditions. The company’s CEO, Danny Schoening, emphasized their commitment to ensuring the safety and operational effectiveness of U.S. armed forces.
The systems supplied under this contract are part of Optex’s ongoing efforts to support the mission readiness of U.S. forces. The award bolsters the company’s backlog to over $42.5 million and reaffirms its position in the field of laser-protected vision systems.
Optex Systems, headquartered in Richardson, Texas, produces a range of optical devices for the Department of Defense, including periscopes, rifle and surveillance sights, and night vision assemblies. Their products are used on various U.S. military land vehicles such as the Abrams and Bradley fighting vehicles, as well as the Stryker family of vehicles.
The press release from Optex Systems also contained forward-looking statements regarding the expected benefits of the contract and the company’s market position. These statements are subject to risks and uncertainties that could cause actual results to differ, such as changes in defense funding, market conditions, and technological advancements.
This announcement is based on a press release statement and provides an update on Optex Systems’ latest business development without endorsing the company’s claims or forecasting future performance.
In other recent news, shareholders of Optex Systems Holdings Inc. gathered for their 2025 annual meeting to make significant decisions regarding the company’s leadership and financial oversight. The meeting resulted in the election of four board members: Danny R. Schoening, Dayton Judd, Dale E. Lehmann, and R. Rimmy Malhotra. These directors will serve until the next annual meeting. Shareholders also approved Whitley Penn LLP as the independent registered public accounting firm for the fiscal year ending September 28, 2025. The decision received a strong majority vote, indicating confidence in the firm’s capabilities. Additionally, an advisory vote on the compensation of the company’s named executive officers was held, with a majority expressing approval. This vote reflects shareholder sentiment on executive pay practices. These developments provide insights into the company’s corporate governance and shareholder alignment.
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