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OPXS-News
OPXS-Events
Optex Systems Awarded New $1.2M Contract from General Dynamics
Optex Systems Holdings has been awarded a new contract from General Dynamics Land Systems - Canada. The order value is $1.2M and will extend support for the Light Armored Vehicle Weapon system through the end of 2029. With this order, the current Optex backlog is in excess of $28.3M.
Optex Systems Awarded $1.23M Contract from U.S. Government
Optex Systems announced it has been awarded a new contract from the U.S. Government, for laser interference filters in support of Night Vision Goggle systems. The order value is $1.23M with deliveries starting in quarter four of fiscal calendar year 2026 through early 2027. "This order is another delivery order release against our five-year IDIQ contract with the U.S. Government. Our delivery and quality performance against this program has been excellent, and this is a key factor in new delivery order releases." stated Bill Bates, GM, AOC. With this order, the current Optex backlog is in excess of $36.8million.
Company Approves New Stock Repurchase Program of $10 Million
On February 9, 2026, the Board of Directors of the Company terminated the Company's existing stock repurchase program and approved a new stock repurchase program pursuant to which the Company may purchase up to $10 million in shares of the Company's outstanding common stock
Optex Systems Reports Q1 Revenue of $9.1M
Reports Q1 revenue $9.1M vs. $8.2M last year. Chad George, CEO of Optex Systems Holdings, Inc., commented, "Sales increased compared to the prior year quarter due to an increase in periscope demand, as well as an increase in our new product development activities for the XM30 program. Margins compressed due in large part to a loss reserve that we had to realize for the gold usage on the Abrams day window program. The price of gold has increased by over 250% over the last three years which is causing margin erosion on this 5 year old IDIQ contract. We do not expect the lower gross profit to continue through the balance of 2026, as our old legacy periscope contracts roll off and are replaced with more favorable pricing in our current backlog. We also incurred $0.3 million of non-recurring costs within general and administrative expenses associated with the CEO transition as well as with the retirement of two other senior level employees. We expect G&A spending to remain at a higher level during 2026, as we invest in research and development to drive new product lines and capabilities at Optex. Increased defense spending is driving additional demand for opto-mechanical assemblies, and we are increasing our investment to meet this anticipated demand. Long-term, we expect our margins to be in line with our prior year's performance as this additional spending is expected to be offset by higher margins on our legacy programs and continued revenue growth."
Optex Systems Awarded New $2.19M Contract
Optex Systems has been awarded a new contract from a U.S. Government Prime Contractor, in support of a Night Vision Goggle system. The order value is $2.19M with deliveries starting in Q2 of calendar 2026 through early 2027. With this order, the current Optex Systems Holdings' backlog is in excess of $38M.
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