Precision Optics announced the receipt of a follow-on production order totaling approximately $2.6M from a major US defense contractor, to meet increased demand for a highly complex optical assembly. The order is expected to be delivered over the next 12 to 18 months. Precision Optics has supplied this optical assembly to the customer since 2018. The new $2.6M order represents a three-fold increase from the most recent order received for this optical assembly. Based on discussions with the customer, the end-market product is seeing increased demand and the customer expects continued ongoing renewals of production orders in the years to come.
Published first on TheFly
