Leupold & Stevens Inc. on Tuesday said it will supply riflescopes to the U.S. Navy under a new five-year, $42.8 million contract.
The privately held Beaverton-based manufacturer has long been a supplier of military optics. The latest contract comes from the U.S. Navy Surface Warfare Center’s Crane Division for Enhanced Combat Optical Sight – Optimized, or ECOS-O, systems.
Leupold will supply the Navy with Mark 6 3-18x44mm riflescopes, which feature a technology that broadens the magnification range of small arms. The company will also provide mounting systems for the scopes.
The deal will add close to $9 million a year in new revenue to Leupold, which already has annual revenue north of $100 million and employs 700, nearly all in Oregon.
Read more at the Portland Business Journal