Optex Systems Announces a $1.6 Million Award for Laser Protected Periscopes

Rhea-AI Summary

Optex Systems (NASDAQ:OPXS) has secured a $1.6 million purchase order from General Dynamics Land Systems - Canada for laser protected periscopes. The order, scheduled for delivery in fiscal 2026, will enhance mission capability for armored vehicles.

The company's optical sighting systems are engineered for durability, optical clarity, and reliability in combat environments. CEO Danny Schoening emphasized their commitment to armed forces' safety and operational effectiveness. The company's current backlog now exceeds $45 million.

Positive

• New $1.6 million contract win from General Dynamics Land Systems - Canada
• Strong backlog of over $45 million demonstrates robust demand
• Strategic partnership with major defense contractor reinforces market position

Negative

• Relatively long delivery timeline extending to fiscal 2026

RICHARDSON, TX / ACCESS Newswire / August 5, 2025 / Optex Systems Holdings, Inc. (NASDAQ:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded a firm fixed price purchase order from General Dynamics Land Systems - Canada. This $1.6 million award for laser protected periscopes is critical in mission capability for armored vehicles and will be delivered in fiscal 2026.

Danny Schoening, CEO, stated "Ensuring the safety and operational effectiveness of our armed forces is our top priority. We are honored to support General Dynamics Land Systems - Canada by providing advanced optical systems that meet the highest standards of quality and performance."

The periscopes and optical sighting systems supplied by Optex Systems are designed to offer enhanced durability, superior optical clarity, and exceptional reliability in harsh combat environments. By combining innovation with rigorous quality control measures, the company ensures that every system delivers the best overall value.

As a trusted partner of the defense industry, Optex Systems remains dedicated to advancing military optical technologies that enhance situational awareness and protection on the battlefield. This contract award reaffirms the company's leadership in the field of laser-protected vision systems and its ongoing commitment to supporting the mission readiness of our allies.

With this order, the current Optex backlog is in excess of $45 million.

ABOUT OPTEX SYSTEMS

Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights, and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at www.optexsys.com.

Safe Harbor Statement

This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words "may," "will," "could," "should," "would," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "forecast," "probable," and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government's interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company's products, shortages in components or raw materials, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control.

You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

Contact:

IR@optexsys.com
(972) 764-5718

SOURCE: Optex Systems Holdings, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the value of Optex Systems' (OPXS) new contract with General Dynamics?

Optex Systems secured a $1.6 million firm fixed price purchase order from General Dynamics Land Systems - Canada for laser protected periscopes.

When will Optex Systems (OPXS) deliver the laser protected periscopes to General Dynamics?

The laser protected periscopes are scheduled for delivery in fiscal 2026.

What is Optex Systems' (OPXS) current order backlog?

Optex Systems' current backlog stands at over $45 million.

Who is the CEO of Optex Systems (OPXS)?

Danny Schoening is the CEO of Optex Systems.

What products will Optex Systems (OPXS) supply to General Dynamics?

Optex Systems will supply laser protected periscopes designed for armored vehicles, featuring enhanced durability, superior optical clarity, and exceptional reliability in combat environments.