Precision Optics (POCI) said Thursday it has signed a main purchase agreement with an unnamed aerospace company that will govern its ongoing work.
Orders during this year for the program have surpassed $3.1 million, increasing the backlog from the program to $6.6 million, Precision Optics said.
The company said they have an agreement with minimum purchase commitments of nearly $4 million a year through 2026. They started production of this program in September 2023.
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