Optex Systems Holdings, Inc. (NASDAQ:OPXS) has named Chad George as its new President and Chief Executive Officer, with the transition taking effect on December 20, 2025. George, who has served as the company’s President, will assume full executive leadership, succeeding long‑time CEO Danny Schoening, who will remain Chairman of the Board.
George brings two decades of experience in the defense‑electronics sector, having held senior roles at Leonardo DRS and Raytheon. His background in precision optics and supply‑chain management aligns with Optex’s core focus on advanced sighting systems for armored vehicles. The board’s decision reflects a desire for continuity while positioning the company to accelerate growth in both defense and emerging commercial markets.
In its most recent quarterly report, Optex posted revenue of $11.1 million, up 22.6% year‑over‑year, and net income of $1.5 million, a 19.7% increase. The revenue surge was driven by a five‑year contract for Abrams‑based optical sighting systems worth up to $10.2 million and a $2.8 million order for XM30 combat‑vehicle optics. Gross margin contracted to 28.5% from 31.8% due to a shift toward higher‑volume, lower‑margin commercial contracts, but adjusted EBITDA rose 15.7% to $2.1 million as cost controls offset the mix shift.
Optex’s strategic narrative centers on expanding its defense optics portfolio while diversifying into civilian precision‑optics markets. The company’s dominant 95% share of the armored‑vehicle optics segment underpins its defense revenue, while the commercial segment is gaining traction through new applications in industrial inspection and security. The leadership transition is intended to sustain this dual‑track growth strategy and to leverage George’s network to secure additional defense contracts.
"Chad has demonstrated exceptional leadership and a clear strategic vision since joining Optex," said outgoing CEO Danny Schoening. "His deep understanding of defense manufacturing, operational leadership, and commitment to innovation make him the ideal choice to guide Optex forward." George added, "I am honored to step into the CEO role and look forward to expanding our product portfolio, advancing our technological capabilities, and exploring adjacent markets to create new opportunities for growth."
The appointment signals a smooth succession plan that preserves Optex’s strong financial footing—an overall “GREAT” health rating from InvestingPro—and its momentum in securing high‑value defense contracts. With a robust backlog and a clear focus on both defense and commercial expansion, the company is positioned to maintain its market leadership while pursuing new growth avenues. The leadership change is expected to reinforce investor confidence in Optex’s long‑term strategy and operational execution.
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