Optex Systems Announces $1.0 Million Order for M1 Abrams Tank Support
RICHARDSON, Texas, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Optex Systems Holdings, Inc. (OTCQB:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, today announced a $1.0 million order associated with its continuing support of the M1 Abrams Tank Program. The products will be manufactured at the Applied Optics Center (AOC) Division of Optex Systems, Inc.
Bill Bates, GM of the AOC Division, commented, “We are very proud of our continuing support to our domestic customer for these optical components and the fact that AOC is one of the few, if not the only, qualified supplier of these difficult to manufacture items. AOC employees understand the importance of reliable products when it comes to protecting our troops and their ability to complete their mission.”
This award is just one piece of a multi-year agreement to supply a variety of optical components in support of the Abrams program. The Abrams program is currently seeing resurgence in both new build and refurbishment activities which are expected to continue for a number of years.
With this order, Optex’s current backlog stands at over $25.6 million.
ABOUT OPTEX SYSTEMS
Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2008 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 .
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