Precision Optics receives $1.3 million follow-on production orders from large US defense contractor
POCI•Follow-on orders support ongoing optical assembly production
Precision Optics received follow-on production orders totaling about $1.3 million from a large U.S. defense contractor.
The orders support ongoing production of complex optical assemblies in a program that has been in place since 2018.
Management expects the program to remain in production for at least the next 10 years.
Both parties plan to negotiate a long-term manufacturing agreement in the coming months to reduce order gaps.
