Optex Systems Holdings, Inc. announced it has been awarded a three-year Indefinite Delivery Indefinite Quantity (IDIQ) contract with a maximum value of $6.5 million. This contract, awarded by DLA Land and Marine, is for Optically Improved Periscopes, with two additional option years available.
The IDIQ contract structure provides a flexible framework for ongoing orders, ensuring a potential long-term revenue stream for the company's core periscope products. Production for this contract will be completed at the Optex Division of Optex Systems, Inc. in Richardson.
This award highlights Optex Systems' continued support for domestic armored vehicle manufacturers and its role in supplying essential laser protected periscopes. The contract strengthens the company's backlog and future revenue visibility.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.