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RICHARDSON, TX - Optex Systems Holdings, Inc. (NASDAQ:OPXS), a manufacturer specializing in precision optical sighting systems, has been awarded a $5.7 million contract to produce laser filter units for the XM157 Next Generation Fire Control Scope, with deliveries scheduled from August 2025 to December 2026. According to InvestingPro analysis, the company maintains excellent financial health with a "GREAT" overall score, supported by strong profitability metrics and a solid balance sheet.
General Manager of Applied Optics Center, a division of Optex Systems, Bill Bates expressed the company's commitment to providing high-performance laser protection devices for the military, emphasizing the importance of the XM157 program. The new contract boosts Optex's current backlog to over $46 million, representing more than 130% of the company's trailing twelve-month revenue of $35.23 million.
Founded in 1987 and ISO 9001:2015 certified, Optex Systems operates out of Richardson, Texas, supplying a range of defense applications with optical sighting systems and assemblies. Their products are utilized on U.S. military land vehicles, including the Abrams and Bradley fighting vehicles, as well as on Stryker vehicles. Optex also provides periscopes, rifle sights, surveillance sights, and night vision optical assemblies, servicing both military branches and prime contractors directly. Currently trading near its 52-week low, InvestingPro analysis suggests the stock is undervalued, with 8 additional exclusive insights available to subscribers.
The press release also includes forward-looking statements regarding the company's future events and performance, which involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. These statements are standard in such announcements and are not guarantees of future performance.
This announcement is based on a press release statement from Optex Systems Holdings, Inc. and does not include any promotional content or endorsement of claims. The information provided is intended to offer a factual report on the company's recent contract award and its impact on the company's order backlog.
In other recent news, Optex Systems Holdings, Inc. has secured a significant $4.2 million contract from BAE Systems to supply laser-protected periscopes and optical sighting systems for the U.S. Military's Bradley Fighting Vehicle. This contract will be fulfilled over the next 28 months, boosting the company's backlog to over $42.5 million. In addition to this contract, shareholders of Optex Systems have elected four board members during their recent annual meeting, with Danny R. Schoening, Dayton Judd, Dale E. Lehmann, and R. Rimmy Malhotra being re-elected to the board. The shareholders also ratified Whitley Penn LLP as the independent registered public accounting firm for the fiscal year ending September 28, 2025.
Furthermore, the advisory vote on the compensation of the company’s named executive officers was approved by a majority of shareholders. These developments underscore the shareholders' confidence in the current leadership and strategic direction of Optex Systems. The company's focus on providing advanced optical systems continues to align with its mission to support the operational effectiveness of U.S. armed forces. These updates provide investors with insights into Optex Systems' corporate governance and business trajectory.
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