Gardner-based Precision Optics has secured a product development order worth $723,000, which will see the company produce components for an augmented reality headset used in U.S. Air Force fighter pilot training.
The order sees Precision Optics producing sub-assemblies to be used in the AR system, allowing fight pilots to simulate combat training without the need for a second aircraft as a simulated target, according to a press release from the firm issued Friday. Precision Optics says this latest military-related business is a sign of interest in its ability to produce smaller-sized optical systems focused on reducing size, weight, and electrical draw.
“Aviation related augmented reality today is a rapidly growing industry, however most systems are focused on land-based training,” Joe Forkey, CEO of Precision Optics, said in the press release. “This new system is focused on leveraging the unique attributes of AR for in-air training. We look forward to working with our new partner to bring this next generation technology to the market.”
Precision Optics says the global aviation AR market is expected to grow more than 20% by 2030, with the technology reducing cost and the potential for training-related accidents.
Precision Optics did not identify the customer it is producing the sub-assemblies for, but said the customer has been contracted by the Air Force to produce the AR systems for multiple types of aircraft.
Founded in 1982, Precision Optics produces optical and digital imaging products for the defense and medical industries. The firm is planning on moving its headquarters from Gardner to Littleton, after receiving a $1.29-million tax credit from the state in September to support the move.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the manufacturing and real estate industries.
