newsfilter
← Latest News
GlobeNewswire·

Precision Optics Announces Receipt of $1.3 Million Follow-On Production Orders from Large Defense Company

POCI
  • Precision Optics Corporation received follow-on production orders totaling approximately $1.3 million from a large U.S. defense contractor.
  • The orders support the continued manufacturing of complex optical assemblies developed jointly with the customer since 2018.
  • The Company expects the program to remain in production for at least the next ten years.
  • Negotiations are underway for a long-term manufacturing agreement featuring a structured order framework to reduce gaps and improve manufacturing cadence.
  • CEO Joseph Forkey stated the order confirms the customer's long-term strategic planning & validates Precision Optics as a valued supplier.
  • The continuous business base supports the micro-optics group & serves as a platform for additional defense & aerospace opportunities.
  • The Company utilizes vertically integrated, U.S.-based manufacturing capabilities ranging from initial design through recurring production.
  • Precision Optics was founded in 1982 & serves healthcare & defense/aerospace industries with micro-optics, 3D imaging, & digital imaging technologies.
  • The press release includes standard forward-looking statement disclaimers regarding risks, uncertainties, & assumptions.