Optex Systems wins $1.25M US night vision contract
Optex Systems Holdings secured a $1.25M US government contract for night vision goggle systems, with deliveries from Q3 FY27 to Q1 FY28. The order, attributed to strong performance against a five-year IDIQ contract, boosts the company's backlog to over $32.5 million.
*this image is generated using AI for illustrative purposes only.
Optex Systems Holdings, Inc. has secured a $1.25M contract from the U.S. Government to support Night Vision Goggle systems. Deliveries under this agreement are scheduled to begin in Q3 of fiscal calendar 2027 and continue through Q1 of fiscal 2028. This award increases the company's current backlog to over $32.5 million.
Bill Bates, GM, AOC, attributed the new order to the company's performance. He stated that the order is another delivery order release against a five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract with the U.S. Government. Bates noted that excellent delivery and quality performance against the program has been a key factor in securing new releases.
Contract Details
The contract supports Night Vision Goggle systems for military and commercial applications. The following table outlines the key financial and scheduling details of the agreement:
| Metric | Details |
|---|---|
| Order Value | $1.25M |
| Delivery Start | Q3 of fiscal calendar 2027 |
| Delivery End | Q1 of fiscal 2028 |
| Current Backlog | >$32.5 million |
How will the timing of deliveries starting in fiscal 2027 impact Optex's revenue projections for the upcoming fiscal years?
What is the remaining ceiling on the five-year IDIDIQ contract, and how much additional revenue could it potentially generate?
Will this contract require Optex to expand its manufacturing capacity or workforce to meet delivery schedules?
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