US-based optical sighting systems manufacturer Optex Systems has secured a contract to supply new periscopes for the US Army.
Under the terms of the $841,000 deal, the company will supply an undisclosed number of periscopes to be installed aboard the army’s Abrams tanks.
Go deeper with GlobalData
The periscopes will feature glass and plastic laser protection for soldiers’ eyes.
Optex Danny Schoening CEO said: "This order further cements our relationship with the US Army representing several compelling value propositions for the company.
"Through this established customer, we are able to expand our order base to provide a recurring revenue stream while strengthening our foothold in the market.
"We take pride in providing great optics solutions for our soldiers who are utilising and maintaining the current Abrams fleet. We remain committed to our focus on development and innovation and anticipate many forthcoming purchase orders."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe contract provides an option for an additional $841,000 order in the future.
