Precision Optics receives $680K from undisclosed aerospace defense company
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Precision Optics in Gardner
Precision Optics Corp. in Gardner, an optical instrument manufacturer for the medical and aerospace industries, has received a third large production order from an aerospace defense company. The new order totals $680,000, and the products are intended to be produced in fiscal year 2024.
The defense company nor the contents of the order were not disclosed in the Thursday press release. Precision Optics previously announced a $1.5-million production order in February 2022, as well as a $2.6 million order from a United States defense contractor in December 2022.
"We are extremely pleased to have successfully advanced our prototypes to commercial production for this top tier defense/aerospace customer," said Joe Forkey, CEO of Precision Optics in the press release. "We believe the long-term opportunity for this program and others like it extends far beyond this initial commercial production order and further highlights the opportunities we believe are available for Precision Optics in the aerospace and defense market. Our unique capabilities to seamlessly work with customers from the engineering and design stage all the way to commercial production for proprietary high precision micro-optics was key in having won this contract."
In September 2022, it announced it would be traded on the NASDAQ stock exchange after record revenues.
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