RICHARDSON, TX: Optex Systems, Inc. has announced that it has completed its first shipments of its patented M17 Day / Thermal Periscope (NSN 6650-01-619-6545) to Brazil.
According to BMI research, Brazil has the largest defense budget in the Latin America region and is able to invest significantly into procurement of military equipment and defense R&D.
"We have been successfully diversifying our sales channels and increasing our emphasis on new opportunities to promote and deliver Optex's products to foreign military markets," said Danny Schoening, Optex's CEO. "As a result, our international contracts are ramping up and we expect this expansion to continue in the next few years. This contract presents a compelling opportunity as it provides a much greater opportunity for a long-term contract with Brazil."