Optex Systems Announces $6.5 Million Order for Laser Protected Periscopes
Optex Systems Holdings (Nasdaq: OPXS) has secured a three-year Indefinite Delivery Indefinite Quantity (IDIQ) contract from DLA Land and Marine for Optically Improved Periscopes, valued at up to $6.5 million with two additional option years. The contract involves the supply of laser-protected periscopes for domestic armored vehicle manufacturers, providing real-time situational awareness while protecting against harmful laser strikes. The company's current backlog now exceeds $42 million.
Optex Systems Holdings (Nasdaq: OPXS) ha ottenuto un contratto Indefinite Delivery Indefinite Quantity (IDIQ) triennale dalla DLA Land and Marine per periscopi otticamente migliorati, del valore fino a $6,5 milioni con due ulteriori anni di opzione. Il contratto prevede la fornitura di periscopi protetti da laser per i produttori domestici di veicoli corazzati, offrendo consapevolezza situazionale in tempo reale mentre si protegge da attacchi di laser dannosi. L'attuale portafoglio ordini dell'azienda supera ora i $42 milioni.
Optex Systems Holdings (Nasdaq: OPXS) ha obtenido un contrato de Indefinite Delivery Indefinite Quantity (IDIQ) de tres años de la DLA Land and Marine para periscopios ópticamente mejorados, valorado en hasta $6.5 millones con dos años adicionales de opción. El contrato implica el suministro de periscopios protegidos por láser para fabricantes de vehículos blindados nacionales, proporcionando conciencia situacional en tiempo real mientras protege contra ataques de láser perjudiciales. La cartera actual de pedidos de la compañía ahora supera los $42 millones.
Optex Systems Holdings (Nasdaq: OPXS)가 DLA Land and Marine으로부터 Indefinite Delivery Indefinite Quantity (IDIQ) 3년 계약을 체결하였으며, 이 계약은 $6.5백만의 가치가 있으며 추가로 2년의 옵션이 포함되어 있습니다. 이 계약은 국내 장갑차 제조업체를 위한 레이저 보호 관측경 공급을 포함하며, 해로운 레이저 공격으로부터 보호하면서 실시간 상황 인식을 제공합니다. 현재 회사의 미수금은 $42백만을 초과합니다.
Optex Systems Holdings (Nasdaq: OPXS) a obtenu un contrat de Indefinite Delivery Indefinite Quantity (IDIQ) de trois ans de la DLA Land and Marine pour des périscopes optiquement améliorés, d'une valeur allant jusqu'à $6,5 millions avec deux années d'option supplémentaires. Le contrat implique la fourniture de périscopes protégés par laser pour les fabricants nationaux de véhicules blindés, offrant une conscience situationnelle en temps réel tout en protégeant contre les attaques laser nuisibles. Le carnet de commandes actuel de l'entreprise dépasse maintenant les $42 millions.
Optex Systems Holdings (Nasdaq: OPXS) hat einen Indefinite Delivery Indefinite Quantity (IDIQ)-Vertrag über drei Jahre von der DLA Land and Marine für optisch verbesserte Periskope erhalten, mit einem Wert von bis zu $6,5 Millionen und zwei zusätzlichen Optionjahren. Der Vertrag umfasst die Lieferung von lasergeschützten Periskopen für inländische Hersteller gepanzerter Fahrzeuge, die eine Echtzeit-Situationsbewertung bieten und gleichzeitig vor schädlichen Laserangriffen schützen. Der aktuelle Auftragsbestand des Unternehmens übersteigt nun $42 Millionen.
- Secured new $6.5M contract with potential extension options
- Strong backlog position exceeding $42M
- Long-term government contract spanning 3 years with 2 additional option years
- None.
Insights
The
This contract award highlights the growing importance of laser protection in modern military vehicles. As laser weapons and countermeasures become more prevalent on the battlefield, the demand for protective optical systems is likely to increase. Optex's ability to secure this contract demonstrates their technical capabilities in meeting evolving military requirements. The IDIQ structure allows for flexible ordering based on military needs, while the option years provide potential for extended engagement. Their substantial backlog indicates strong market demand for their specialized optical systems and suggests robust operational momentum in the defense sector.
RICHARDSON, TX / ACCESSWIRE / December 11, 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 three-year, Indefinite Delivery Indefinite Quantity (IDIQ) contract for Optically Improved Periscopes from DLA Land and Marine with a maximum value of
Danny Schoening, CEO, Optex Systems stated "Optex continues to support our domestic armored vehicle manufactures through the ongoing supply of laser protected periscopes. These units provide our customers with real-time situational awareness while protecting them from harmful laser strikes. This three year contract speaks to the decades-long relationship with the U.S. Government and our commitment to quality and reliability."
With this order, the current Optex backlog is in excess of
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 represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); orders and backlog; the estimated value of IDIQ contracts; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry.
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, 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.
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FAQ
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