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Optex Systems Announces $7.7 Million Contracts for Laser Protected Periscopes

Date Announced: 19 Feb 2018

RICHARDSON, TX--(Marketwired - February 19, 2018) - Optex Systems, Inc., a wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCQB: OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded three separate multi-year Indefinite Delivery Indefinite Quantity (IDIQ) awards through Defense Logistics Agency (DLA) for Laser Protected Periscopes for a total combined amount of up to $7.737 Million over a 3-5 year period.

Danny Schoening, CEO of Optex, stated: "We are pleased with the progress that we've made in negotiations with DLA to establish long term, multi-year contracts for these Laser Protected Periscopes using our proprietary technology. The field reliability of the Optex product continues to exceed our customer's expectation and therefore the Optex proprietary process continues to be the periscope of choice by our armed forces and many of our allies."

Source: Optex Systems

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