Syntec Optics Secures Over $4 Million in U.S. Defense Purchase Orders
Syntec Optics Holdings Inc. has secured over $4 million in defense purchase orders for various U.S. military platforms, providing components for missile guidance systems, night-vision goggles, and mixed-reality situational awareness platforms. The orders reflect the company's role in the defense sector, despite facing financial challenges such as negative earnings and margins.
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Syntec Optics Holdings Inc. has secured over $4 million in defense purchase orders for multiple U.S. military platforms. The Rochester, New York-based company will supply components for missile guidance systems, compact lasers, and surveillance equipment, among other technologies.
Syntec is tasked with providing critical optics for laser-guided systems and components for Enhanced Night Vision Goggles. The company has a market capitalization of $235.92 million and reported revenue of $27.9 million, with financial metrics indicating challenges such as negative operating and net margins. Despite this, Syntec maintains a strong Altman Z-Score of 10.96, indicating financial stability.
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