RICHARDSON, TX / ACCESSWIRE / May 6, 2024 / 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 new contract from a U.S. Government Prime Contractor, in support of the Armored Multi-Purpose Vehicle (AMPV). The order value is $3.8 million with deliveries over the next 14 months.
Danny Schoening, CEO, Optex Systems stated "Optex is the sole source supplier to Prime Contractors for laser protected periscopes used on many of the armored vehicles currently being produced for the U.S. Government. The AMPV has been identified as a critical improvement for the US Army in the area of troop transportation. Our customer has described it as, ‘The program is essential to the future of the Armored Brigade Combat Team (ABCT) and will fulfill the Army's strategy of protection, mobility, reliability, and interoperability. The AMPV will be integrated with the ABCT and is required to operate alongside the M1 Abrams tank and the M2 Bradley'."
With this order, the current Optex backlog is in excess of $47 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.
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