Optex Systems (OPXS)

The company’s systems are installed on well-known U.S. military vehicle platforms, including the Abrams tank and Bradley fighting vehicle. Its products have also been selected for use on the Stryker family of vehicles, as well as light armoured and security vehicles. Optex’s portfolio includes items such as M17 Day/Thermal Periscopes, DDAN and M36 sights, laser-protected periscopes, muzzle reference sensors, and other optical assemblies. These products serve roles ranging from situational awareness to fire-control support and crew protection.

Optex operates through units including Optex Systems Richardson and Applied Optics Center Dallas, with the Richardson operation generating the largest share of revenue. The company’s business is tied closely to defence procurement cycles, vehicle modernisation programmes, sustainment spending, and international military demand. Its niche lies in specialised optical components rather than broad weapons platforms, which can make it an important supplier within larger defence supply chains.

For investors, Optex Systems represents exposure to the defence electronics and electro-optics market. Its prospects depend on contract awards, production volumes, retrofit activity, and the ongoing need to maintain and upgrade armoured vehicle fleets. The company’s long-standing presence in military optical systems is central to its competitive position.