Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

Optex Systems Acquires L-3’s Applied Optics Center for $1M

Facebook Twitter LinkedIn Email Comments
RICHARDSON, Texas, Nov. 17, 2014 — Seeking to branch out beyond military contracts, Optex Systems has acquired Applied Optics Center, formerly a division of L-3 Communications, for $1,013,053.

Applied Optics Center designs and manufactures complex thin-film coatings and optical assemblies for commercial and defense applications, including laser protection filters for the U.S. Army.

Optex manufactures optical sighting systems and assemblies for U.S. military land vehicles, as well as periscope configurations, rifle and surveillance sights and night-vision optical assemblies.

“Our corporate focus continues to be on merger and acquisition opportunities to take advantage of our underutilized capacity and low-cost manufacturing during this cycle of lower defense spending,” said Optex Chairman Merrick Okamoto. “We are excited this acquisition will provide new growth opportunities and a new commercial optical coating vertical, which will reduce our dependence on defense-related contracts.”

Optex CEO Danny Schoening said his company and Applied Optics Center have had a supply relationship for 20 years. “Serving many of the same customers, the synergies of the two companies provide additional competitive opportunities not served as separate entities,” he said.

For more information, visit www.optexsys.com.

Photonics.com
Nov 2014
BusinessAmericasTexasOptex SystemsApplied Optics Centerdefensethin filmscoatings

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.