Optex Systems At 2017 High On $12.4 Million Contract News

By: Dylan Sikes - AllPennyStocks.com News

Monday, July 10, 2017

Shares of Optex Systems Holdings, Inc. (OTCQB:OPXS) are printing 2017 highs as the company announced that it has been awarded a five year Indefinite-Delivery Indefinite-Quantity contract through DLA Land at Aberdeen.

The contract is expected to generate between $8.4 and $12.4 million in revenue over the next five year period for Optex Systems, a wholly owned subsidiary of Optex Systems Holdings, Inc.

Optex, founded in 1987, is a Richardson, Texas based company which manufactures optical sighting systems and assemblies, primarily for Department of Defense applications.

Investors liked what they saw with this contract announcement by bidding up shares of OPXS to a 2017 high of $1.03 (up 10.75%) in mid-afternoon trading.

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