Gardner manufacturer receives $1.5M aerospace contract
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Precision Optics in Gardner
Precision Optics Corp., Inc., a Gardner-based optical instrument manufacturer, announced on Thursday that it received a $1.5-million production order from a defense/aerospace company.
The defense company and the contents of the order were not disclosed in the press release.
Founded in 1982, Precision Optics primarily focuses on leveraging its proprietary micro-optics and 3D imaging technologies to the healthcare and defense/aerospace industries by providing services ranging from new product concepts through mass manufacture.
The design process for the requested defense order took two years to complete and consisted of multiple rounds of pre-production prototypes before final specifications were agreed upon by both parties.
Under the order, initial shipments are expected to occur in this fiscal quarter, with the majority of the order shipped over the following two quarters.
This new aerospace customer is expected to order future shipments of similar size yielding substantial, long-term growth, Precision Optics said.
"I am extremely pleased that Precision Optics has been awarded a production contract by this large defense/aerospace company to supply optical products for use in a highly advanced optical system," said Dr. Joe Forkey, CEO of Precision Optics, in a written press release.
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