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RICHARDSON, TX / ACCESSWIRE / December 10, 2024 / Optex Systems Holdings, Inc. (Nasdaq:OPXS), a leading manufacturer of precision optical sighting systems for domestic and worldwide military and commercial applications, announced today it has been awarded a new contract for Laser Filter Units and Window Assemblies supporting Night Vision devices utilized by the U.S. Armed Forces. The order value is $2.0 million with deliveries covering March 2025 through February 2026. "The AOC team is pleased to continue our support of optical assemblies supporting various Night Vision Devices. AOC has positioned itself as a key supplier of laser protection filters and assemblies supporting the primary suppliers of Night Vision equipment to the U.S. military. We have recently added critical infrastructure to ensure we can continue to meet the growing demand for specialized laser filters and other coated optics" stated Bill Bates, General Manager of Applied Optics Center. With this new order, the current Optex backlog is in excess of $42million. ABOUT OPTEX SYSTEMS Optex, which was founded in 1987, is a Richardson, Texas based ISO 9001:2015 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 . Safe Harbor Statement This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words "may," "will," "could," "should," "would," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "forecast," "probable," and similar expressions. These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding growth strategy; product and development programs; financial performance and financial condition (including revenue, net income, profit margins and working capital); orders and backlog; the estimated value of IDIQ contracts; expected timing of contract deliveries to customers and corresponding revenue recognition; increases in the cost of materials and labor; costs remaining to fulfill contracts; contract loss reserves; labor shortages; follow-on orders; supply chain challenges; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the defense industry. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs and military spending, the timing of such funding, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government's interpretation of federal procurement rules and regulations, changes in spending due to policy changes in any new federal presidential administration, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, changes in the market for microcap stocks regardless of growth and value and various other factors beyond our control. You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties. Contact: IR@optexsys.com (972) 764-5718 SOURCE: Optex Systems Holdings, Inc. View the original on accesswire.comNo explanation required was the consensus among voters for The Canadian Press award for 2024 female athlete of the year. During the month before her 18th birthday, Summer McIntosh became the first Canadian to win three gold medals in a single Olympic Games, winter or summer, with a silver medal thrown in for good measure. McIntosh was the overwhelming choice among sports editors, producers and reporters across Canada because of the Toronto swimmer’s electric performance in Paris. She was selected on 52 of the 53 votes cast, with the othervote going to skeleton world champion Hallie Clarke of Brighton, Ont. “Three golds at the Olympics. No other reason needed,” wrote TSN managing producer Jamie Bell. The Canadian Press began recognizing male and female athletes of the year in 1932. McIntosh was a repeat winner after also earning the distinction in 2023. “It’s always an honour, but to do it for a second year in a row is pretty incredible to be recognized like this,” McIntosh said. Previous winners include hockey players Marie-Philip Poulin (2022) and Hayley Wickenheiser (2007), tennis players Leylah Fernandez (2021) and Bianca Andreescu (2019), soccer star Christine Sinclair (2020, 2012), golfer Brooke Henderson (2015, 2017, 2018) and swimmer Penny Oleksiak (2016). McIntosh arrived in Paris with an ambitious program. Including heats, semifinals and relays, the Canadian raced 13 times over nine days at La Defense Arena. Ascending the podium four times — three times to hear O Canada — was a feat of mind and body planning and management. “Just going into the Olympics, all the training that I did on a day-to-day basis, and mentally, physically preparing for a nine-day-long swim meet, I couldn’t have been more prepared and my results showed that,” McIntosh said. “I was really happy with how I did, but honestly, I was just more proud of me pushing myself to reach my full potential and preparing as best as possible, because I do that to give myself the most confidence going into a huge meet like that.” Her silver medal in the women’s 400-metre freestyle on opening night at La Defense laid the foundation for her next race, which was the 400-metre individual medley. The world record holder was expected to win her bread-and-butter event. McIntosh didn’t just deliver. She dominated and won by nearly six seconds, which World Aquatics said was the largest margin in 40 years. “I definitely knew getting gold was a possibility, so when I finally was able to do it, all my hard work and training came into fruition,” McIntosh said. “That was a really cool moment because I knew I could do it, but to actually get it done is a different thing.” McIntosh then won gold in the 200-metre butterfly — which her mother Jill Horstead also swam in 1984 — and the 200-metre I.M. in Olympic-record time. McIntosh and Olympic champion hammer thrower Ethan Katzberg were chosen to carry Canada’s flag in the closing ceremonies at Stade de France. “Summer McIntosh had the weight of her country on her shoulders when she competed in Paris. Yet she blanked out most of the pressure and still pulled off one of the most remarkable Olympic performances in Canadian history. That’s a champion,” wrote Globe and Mail sports production editor Phil King. McIntosh set a high bar for herself heading into Los Angeles in 2028. She’s preparing to clear it. “I am still so young. I want to stay in the sport as long as I can as long as I enjoy it,” McIntosh said. “Every day I think I fall more in love with it. It’s such a fun sport. Any time I get to race, I’m reminded on why I love it so much and why we do all those early mornings and all that hard training, hours and hours every day just for those two minutes in the water in a race, which is kind of a cool way to look at it. All I want to accomplish is just reaching my full potential, whatever that means.” McIntosh put an exclamation mark on 2024 by winning the women’s 400 freestyle, 200 butterfly and 400 individual medley — all in world-record time — as well as backstroke silver and relay bronze in December’s world short-course championships in Budapest, Hungary. She trains with Florida’s Sarasota Sharks under coach Brent Arckey. McIntosh says she’ll complete the last two classes she needs to graduate from high school in 2025. She keeps her Olympic medals in a wooden box. Each is wrapped in paper towels in individual plastic sandwich bags to prevent dings and dents. McIntosh let others enjoy her medals during her post-Paris three weeks at home in Canada. “I try to show my medals to as many people as possible that want to see them, just because they are really cool to see and see in person,” she said. “Just knowing that I’m inspiring people I think is really, really cool, and it also kind of keeps a weight on my shoulders that I know I want to keep going, and keeps me motivated to keep pushing forward with the sport heading into 2028.”
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BBC Question Time audience member enrages farmers by saying he wants to play 'the world's smallest violin' for those hit by Keir Starmer's inheritance tax grab Do YOU know the audience member? Email emily.davies@mailonline.co.uk By EMILY JANE DAVIES Published: 19:33 GMT, 22 November 2024 | Updated: 19:38 GMT, 22 November 2024 e-mail 56 View comments A BBC Question Time audience member has enraged farmers after saying he wants to play 'the world's smallest violin' for those hit by Keir Starmer 's inheritance tax. The Prime Minister is facing a growing backlash from farmers, celebrities and his own MPs over Labour's decision to impose 20 per cent inheritance tax on farms worth more than £1million . More than 10,000 farmers and high-profile supporters including Jeremy Clarkson and Lord Lloyd Webber descended on Westminster to protest against the controversial policy on Tuesday. A man in the audience of the BBC Question Time debate programme told the panel of political figures: 'I keep hearing this term cash-poor and asset-rich. 'My maths isn't great but for £400,000 worth of inheritance tax, you have a £5million estate. 'I'm afraid you are gonna have to find me the world's smallest violin to tell me that you don't pay tax on an estate that you're passing down to your children of £5million. It sounds crazy to me.' Furious farmers took to X to slam the comments, with one saying: 'I hope you find the world's smallest violin when there's a food shortage.' It comes just days after the BBC's 'truth checking' unit was under scrutiny for quietly deleting a statement backing ministers' claims in their tax-grab battle with farmers . A BBC Question Time audience member has enraged farmers after saying he wants to play 'the world's smallest violin' for those hit by Keir Starmer 's inheritance tax Speaking at the G20 summit in Brazil, Sir Keir Starmer repeated his claim that the 'vast majority' of farmers would be unaffected by the tax raid Jeremy Clarkson said farmers had received a 'kick in the nuts and a light hammer blow to the back of the head' BBC Verify, a service set up to root out 'misinformation', wrote that the government's figures were 'likely' to be right concerning the number of farms affected by the inheritance tax raid. But on the day under-fire Sir Keir Starmer trumpeted the BBC's finding, triggering a political row about bias, the corporation quietly removed it from its website. According to the BBC, the change was made before Mr Starmer spoke. There have been dramatically conflicting estimates about how many farms will be dragged into the tax changes announced in the Budget. Ministers insist the reforms will only affect about 500 estates a year. But the Country Land and Business Association claimed 70,000 farms face being snared by the new regime with 'devastating' consequences for farming families. Speaking to reporters at the G20 summit in Rio on Tuesday, the Prime Minister insisted 'the vast majority' of farmers would be unaffected, telling reporters: 'All of you can check out what that means in terms of the impact - I think the BBC has already done it. 'It means the vast majority of farms are unaffected by this and I think it's just important we keep making that clear.' Clarkson holding a sign reading 'With our farmers' at the November 19 rally Demonstrators tuck into M&S sandwiches at the farmers' rally in Whitehallin November 19 A furious Jeremy Clarkson has begged the government to 'be big' and admit they had made a mistake as he addressed a mass protest of more than 13,000 farmers and their supporters in London. Farmers and their supporters from as far away as Northumberland made their way to the centre of the rainy capital earlier this week, with many arriving in large coaches wearing tweed jackets. The 64-year-old, who is recovering from a life-saving heart operation, attended the event alongside his Clarkson's Farm co-stars Kaleb Cooper and Charlie Ireland, theatre legend Andrew Lloyd-Webber and dozens of MPs including Kemi Badenoch and Nigel Farage. Giving a speech after the main rally, Mr Clarkson confessed he was 'off my t***' on codeine and paracetamol, before describing how he had come to understand that farming was 'unbelievably difficult, dangerous and cold'. Farmers faced costs, pressure from environmentalists and regulations, and 'we have all these complications and costs, and there's very little money in it as you know - and then we got the Budget', he said, to boos from the crowd. Tory leader Kemi Badenoch was among those present at the farmer rally in Westminster Farmers left large piles of vegetables outside Downing Street in protest The TV star continued: 'I know a lot of people across the country in all walks of life took a bit of a kick on the shin with that Budget. You lot got a knee in the nuts and a hammer blow to the back of the head.' 'For the sake of everybody here, and for all the farmers stuck at home paralysed by a fog of despair over what's been foisted on them, I beg of the Government to be big and accept this was rushed through, it wasn't thought out and it was a mistake. That's the big thing to do, and back down.' Earlier, Mr Clarkson - who runs Diddly Squat farm in Chipping Norton - became exasperated with Victoria Derbyshire during an interview on Whitehall. The argument began when Ms Derbyshire had asked him whether he was there for himself rather than British farmers, asking him: 'So it's not about you, your farm and to avoid inheritance attack?'. A clearly taken aback Mr Clarkson immediately rolled his eyes and said: 'Classic BBC there. Classic'. Ms Derbyshire shot back: 'Is it?', referring to an article in the Sunday Times where he wrote about the tax benefits of buying a farm. Mr Clarkson then tacitly accused of her of giving an opinion, disputing her claim that it was a 'fact' that he bought his Oxfordshire farm for tax purposes, explaining it was because he loved country sports such as shooting. He continued: 'Typical BBC. You people', and would later say to the crowd around them: 'Are you listening to this?' when Ms Derbyshire repeated Ms Reeves' claims that the inheritance tax raised would 'raise money for public services'. Children on toy tractors led a small march in central London on November19 Vast crowds gather to watch Clarkson and other supporters give speeches at the protest Mr Clarkson also hit out at the BBC during his speech, branding the broadcaster 'the mouthpiece of this infernal Government'. Shortly after arriving at the rally, Mr Clarkson joked he was in London to do 'a bit of Christmas shopping' before saying: 'I'm here to support the farmers, it's that simple, because they need all the help they can get really, even from me.' Asked about his comments in an interview with the Times in 2021 that avoiding inheritance tax was 'the critical thing' in his decision to buy land, he said: 'That's actually quite funny because the real reason I bought the farm was because I wanted to shoot, so I thought if I told a bunch of people that I bought a farm so I could shoot pheasants it might look bad. 'So, I thought I better come up with another excuse, so I said inheritance tax. I actually didn't know about inheritance tax until after I bought it. I didn't mind, obviously, but the real reason I bought it is because I wanted to shoot.' Jeremy Clarkson Labour Keir Starmer London Share or comment on this article: BBC Question Time audience member enrages farmers by saying he wants to play 'the world's smallest violin' for those hit by Keir Starmer's inheritance tax grab e-mail Add comment
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A federal judge temporarily halts the proposed supermarket merger of Kroger and Albertsons A federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal. U.S. District Court Judge Adrienne Nelson issued the ruling Tuesday after holding a three-week hearing in Portland, Oregon. Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission sued earlier this year, asking Nelson to block the $24.6 billion deal until an in-house administrative judge at the FTC could consider the merger’s implications. Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption BEIJING (AP) — Chinese official broadcaster CCTV says a former chairman of the state-owned bank China Everbright Group has been jailed 12 years for embezzlement and bribery. Tang Shuangning, who had also held senior posts at the People’s Bank of China and the China Banking Regulatory Commission, was arrested in January, part of a wider wave of prosecutions of senior officials accused of financial crimes. A court in the city of Tangshan, about 100 miles east of Beijing, found him guilty of taking advantage of his position at the state-owned bank in “seeking convenience for others” in jobs and loans, in exchange for illegal payments. The court said he had accepted illegal property with a total value of more than $1.5 million. US defense secretary in Japan to support alliance as Osprey aircraft safety causes concern TOKYO (AP) — U.S. Defense Secretary Lloyd Austin has met with officials in Japan to reaffirm the importance of their alliance and Washington's commitment to regional security as threats rise from China and North Korea. Austin’s visit on Tuesday also came amid growing concerns over the safety of Ospreys. The military aircraft have been grounded in the United States following a near crash at Cannon Air Force Base in New Mexico last month. The incident was caused by weakened metal components. It was similar to a fatal crash off southwestern Japan last year. The U.S. measure prompted the suspension of Ospreys operated by Japan’s Ground Self-Defense Force. Trustee over Infowars auction asks court to approve The Onion's winning bid A trustee who oversaw the bankruptcy auction of Alex Jones’ Infowars is asking a judge to approve The Onion’s winning bid for the conspiracy-filled platform. Trustee Christopher Murray took the stand Tuesday in the second day of testimony at a hearing where a judge is scrutinizing the satirical news outlet’s winning offer. He told U.S. Bankruptcy Judge Christopher Lopez in Houston that he was there asking a court to approve the sale of Infowars’ parent company to The Onion’s parent company. It is not clear how quickly Lopez will rule. The Onion wants to turn Infowars’ website and social media accounts into parodies. Small businesses plan events, start marketing earlier to deal with shorter holiday shopping season The holiday shopping season is underway, and this year small businesses have less time to capitalize on the busy shopping period. Only 27 days separate Thanksgiving and Christmas — five fewer than last year. But there are still ways to make the most of a shorter season. One key strategy is for owners to promote deals to customers wherever they can, from social media to physical ads. The National Retail Federation predicts that retail sales will rise between 2.5% and 3.5% compared with same period a year ago. Online shopping is expected to grow too. Adobe Digital Insights predicts an 8.4% increase online for the full season. 10 notable books of 2024, from Sarah J. Maas to Melania Trump NEW YORK (AP) — Even through a year of nonstop news about elections, climate change, protests and the price of eggs, Americans still found time to read. Sales held steady according to Circana, which tracks around 85% of the print market. Many chose the release of romance, fantasy and romantasy. Some picked up the tie-in book to Taylor Swift’s blockbuster tour, which had the best opening week of 2024. Others sought out literary fiction, celebrity memoirs, political exposes and a close and painful look at a generation hooked on smartphones. Boeing is building new 737 Max planes for the first time since workers went on strike Boeing is resuming production of its bestselling plane, the 737 Max. It's the first time that Max jets have moved down the assembly line since September, when about 33,000 workers went on strike for higher pay. Boeing said Tuesday that work on the Max has resumed at its factory in Renton, Washington, near Seattle. Both the Max and another Boeing plane, the 787 Dreamliner, have been plagued by manufacturing problems in recent years. The Federal Aviation Administration is limiting Boeing’s production of Max jets until the agency is convinced that Boeing has corrected quality and safety issues during manufacturing. Stock market today: Wall Street drifts lower as it waits for inflation data NEW YORK (AP) — U.S. stock indexes drifted lower in the runup to the highlight of the week for the market, the latest update on inflation. The S&P 500 slipped 0.3% Tuesday and marked its first back-to-back losses in three weeks. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite also fell 0.3%. Oracle dragged on the market after reporting weaker growth than analysts expected. Treasury yields rose in the bond market ahead of Wednesday’s inflation report, which will be among the final big pieces of data before the Federal Reserve's meeting on interest rates next week. Alaska Airlines will spread its wings by flying to Tokyo and Seoul beginning next year NEW YORK (AP) — Alaska Airlines says it will launch service from Seattle to Tokyo and Seoul next year as part of a plan to boost international flying in the next several years. Alaska announced the new routes as it prepared to hold an investor day Tuesday. The airline raised its fourth-quarter profit outlook and publicized a plan to boost profit by $1 billion over three years. And Alaska Airlines is announcing a plan to spend $1 billion buying back its own stock. Share buybacks are often popular with investors because they make existing shares more valuable. Fortnite players 'tricked' into unwanted purchases are starting to get refunds. Here's how to apply NEW YORK (AP) — U.S. consumers who were tricked into purchases they didn’t want from Fortnite maker Epic Games are now starting to receive refund checks, the Federal Trade Commission said this week. Back in 2022, Epic agreed to pay a total of $520 million to settle complaints revolving around children’s privacy and payment methods on its popular Fortnite game. The FTC alleged that the video game giant used deceptive online design tactics to trick Fortnite players, including children, into making unintended purchases that could be based on simply pressing one button. The settlement includes $245 million in customer refunds. Now, the first batch of those refunds are being sent out — but eligible consumers can still submit a claim through January 10. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Wake Forest keeps trying new things early in the season, even if not all of the adjustments are by design. The Demon Deacons will try to stick to the script when Detroit Mercy visits for Saturday's game in Winston-Salem, N.C. The Demon Deacons (5-1) will be at home for the final time prior to three consecutive road games. Detroit Mercy (3-2) already has two more victories than all of last season. After a couple of narrow wins and a loss at Xavier, Wake Forest had a smoother time earlier this week in defeating visiting Western Carolina 82-69 on Tuesday night. Yet these are games when teams have to figure where contributions are going to come from in certain situations. The experimenting took a turn for Wake Forest in the Western Carolina game. Center Efton Reid III had limited minutes because of migraines, so there was a shift in responsibilities. Normal backcourt players Cameron Hildreth and Juke Harris logged time at the power forward slot. "That's just part of it," coach Steve Forbes said. "They did a good job adjusting. We ran a lot of stuff and there are several guys learning different positions. ... I give credit to those guys for doing the best job that they could do on the fly and adjusting to the play calls that we ran and the stuff that we changed." Wake Forest could excel if both Parker Friedrichsen and Davin Cosby can be consistent 3-point threats. Friedrichsen slumped with shooting in the first few games of the season and was replaced in the starting lineup by Cosby. In Tuesday's game, Friedrichsen drained four 3-pointers, while Cosby hit two. "It was really good to see Parker and Davin both make shots together," Forbes said. Not everything was solved for the Demon Deacons. Western Carolina collected 12 offensive rebounds, and that took some of the shine off Wake Forest's defensive efforts. "We can't be a good defensive team, or a really good defensive team, unless we rebound the ball," Forbes said. "It's demoralizing to your defense to get stops and then not get the ball." In Detroit Mercy's 70-59 win at Ball State on Wednesday, Orlando Lovejoy tallied 19 points, seven rebounds and five assists. "We got the ball to the shooters and playmakers," first-year Titans coach Mark Montgomery said. "You could tell by the guys' body language that we were going to get a road win. It had been a long time coming." On Saturday, the Titans will look for their second road victory since February 2023. The outcome at Ball State seemed significant to Montgomery. "We had to get over the hump," he said. "Our guys grinded it out." --Field Level Media
