Optex Systems, Inc., a wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCQB: OPXS), a leading manufacturer of optical sighting systems and assemblies for domestic and foreign militaries, announced today a $1.2 Million award for periscopes from General Dynamics Land Systems (NYSE: GD).

"We are pleased to support General Dynamics Land Systems in their upgrade support of the M1A1 Abram's Main Battle Tank for Morocco," said Danny Schoening, Optex's CEO. He continued, "Optex continues to look for international sales and this contract helps enable our company to pursue these international opportunities."

These products will be delivered on a continuous basis in 2016 and 2017 and is consistent with the normal order fulfillment process of Optex Systems, Inc.

ABOUT OPTEX SYSTEMS

Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2008 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at www.optexsys.com.

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