Optex Systems Announces a $4.2 Million Award for Laser Protected Periscopes and Optical Sighting Systems

Rhea-AI Summary

Optex Systems Holdings (Nasdaq:OPXS) has secured a $4.2 million firm fixed price purchase order from BAE Systems for laser protected periscopes and optical sighting systems. The order supports the Bradley A4 Follow-On Production award and will be delivered over the next 28 months.

The systems are designed specifically for the Bradley Fighting Vehicle used by the U.S. Military, featuring enhanced durability, superior optical clarity, and exceptional reliability in combat environments. The company's current backlog exceeds $42.5 million.

Positive

• Secured new $4.2M contract from BAE Systems
• Strong backlog of over $42.5M
• 28-month delivery timeline ensures steady revenue stream
• Strategic contract for U.S. Military's Bradley Fighting Vehicle program

Negative

• None.

RICHARDSON, TX / ACCESS Newswire / March 19, 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 BAE Systems in support of the Bradley A4 Follow-On Production award. This $4.2 million award for laser protected periscopes and optical sighting systems is critical in mission capability for the Bradley Fighting Vehicle fielded by the U.S. Military and will be delivered over the next 28 months.

Danny Schoening, CEO, stated "Ensuring the safety and operational effectiveness of our armed forces is our top priority. We are honored to support the Bradley Fighting Vehicle program 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 to the U.S. Army.

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 U.S. forces and those of our allies.

With this order, the current Optex backlog is in excess of $42.5 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, 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 and duration of OPXS's new contract with BAE Systems?

OPXS secured a $4.2 million contract with BAE Systems, with deliveries scheduled over 28 months.

What products will OPXS supply for the Bradley Fighting Vehicle program?

OPXS will supply laser protected periscopes and optical sighting systems for the Bradley A4 Follow-On Production program.

What is the current backlog value for OPXS as of March 2025?

OPXS's current backlog exceeds $42.5 million.

How will this contract impact OPXS's military market presence?

The contract reinforces OPXS's position as a key supplier of laser-protected vision systems for U.S. military vehicles.