BAE Systems Recognizes Optex Systems as Gold Supplier of the Year for Combat Mission Systems at its Fourth Annual Partner2Win Supplier Symposium


RICHARDSON, TX/ACCESSWIRE/November 7, 2022/ Optex Systems Holdings, Inc. (OTCQB:OPXS), a leading manufacturer of precision optical sighting systems for domestic and global military and commercial applications, today announced that it has been awarded the BAE Systems Partner2Win Gold Supplier of the Year on November 1, 2022 for Combat Mission Systems. This recognition underscored Optex Systems’ commitment to exceptional performance and its contributions to supply chain success in 2022 for BAE Systems’ combat and amphibious vehicle and maritime gun systems programs.

BAE Systems’ Partner2Win is a global program designed to recognize suppliers in our supply chain who achieve operational excellence and eliminate defects by raising the bar of performance expectations to meet current and future customer demand. As part of the program, BAE Systems meets regularly with its suppliers at their sites to share best practices to ensure that the components and materials that make up BAE Systems products meet the highest quality standards.

“Providing quality combat systems to our combatants continues to be a top priority for BAE Systems,” said Marc Casseres, Vice President of Operations for BAE Systems’ Combat Mission Systems business. “Partnering with high-performing suppliers allows us to meet customer needs and continue to deliver on our commitments by putting safety, partnership and innovation first.”

Learn more about BAE Systems’ Partner2Win Supplier Symposium here.

ABOUT OPTEX SYSTEMS

Optex, which was founded in 1987, is an ISO 9001:2015 certified company based in Richardson, Texas that manufactures optical sighting systems and assemblies primarily for Department of Defense (DOD) applications. Its products are installed on various types of US military ground vehicles, such as Abrams and Bradley combat vehicles, light armored and armored security vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and supplies many configurations of periscopes, rifle and surveillance sights and night vision optic assemblies. Optex delivers its products both directly to military services and to contractors. For more information, please visit the company’s website at www.optexsys.com.

ABOUT BAE SYSTEMS

BAE Systems, Inc. and its 34,000 employees are part of a global defence, aerospace and security company with 89,600 employees worldwide. We offer a full range of air, land, sea and space products and services, as well as advanced electronics, intelligence, security and computing solutions and support services. Our dedication is reflected in everything we design, produce and deliver – to protect those who protect us in an innovative and successful culture. We push the boundaries of what is possible to deliver critical advantage to our customers where it counts.

Safe Harbor Statement

This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words “may”, “will”, “could”, “should”, “would”, “plan”, “expect”, “anticipate”, “continue”, “estimate,” “project,” “intent,” “likely,” “forecast,” “likely” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, the continued funding of defense programs and military expenditures, the timing of such funding, general economic and business conditions, including unexpected weakness in the Company, the effects of continuing geopolitical unrest and regional conflict, competition, changes in technology and marketing methods, delays in the completion of engineering and manufacturing programs, changes in changes in customer ordering patterns, changes in product mix, the continued success of technological advancements and the delivery of technological innovations, changes in the U.S. government’s interpretation of federal procurement rules and regulations, changes in expenditures due to policy changes in any new federal presidential administration, market acceptance of the Company’s products, component shortages, production delays due to performance quality issues with outsourced components, inability to achieve the expected benefits of acquisitions and restructurings or delays in realizing these benefits, difficulties in integrating acquired businesses and realizing anticipated synergies, changes in export regulations, increases in tax rates, changes in general accounting principles recognized, difficulties in retaining key employees and customers, unforeseen costs under fixed price service and system integration commitments, changes in the microcap equity market regardless of growth and value and various other factors beyond our control.

You should carefully consider any such statement and understand that many factors could cause actual results to differ from the Company’s forward-looking statements. These factors include inaccurate assumptions and a wide variety of other risks and uncertainties, some of which are known and some of which are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company assumes no obligation to update any forward-looking statements. You should carefully evaluate these statements in light of the factors described in the Company’s filings with the SEC, in particular on Forms 10-K, 10-Q and 8-K. In various filings, the Company has identified important factors that could cause actual results to differ from expected or historical results. You must understand that it is not possible to predict or identify all of these factors. Accordingly, you should not consider any such list to be a complete list of all potential risks or uncertainties.

Contact:

[email protected]
(972) 764-5718

THE SOURCE: Optex Systems Holdings, Inc.

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