Optex Systems Holdings Inc | 2013 | FY | 3


        Thousands  
Milestone Event   Estimated 
Completion / 
Invoice Date
  Revenue     Customer 
Deposits / 
Liability
 
                 
Start of Work Meeting 
System Functional Review 
Production Start of Work
  Complete   $ 34.4     $ 552.9  
                     
Delivery of Two Prototypes   Complete     63.7       61.8  
                     
Preliminary Design Review 
PRM #1 (Meeting) Production 
Readiness Review
  Complete     25.0       1,032.4  
                     
Critical Design Review 
PRM #2 (Meeting)
  Complete     25.0       150.0  
                     
Placement of Long Lead Material (LLM)   Complete     25.0       100.4  
                     
Delivery of Two Engineering Development Units   Complete     55.0       100.0  
                     
Delivery of One Production Ready Unit   Complete     68.2       125.6  
                     
PRM #3 (Meeting)   Complete     84.2       570.0  
                     
FAT and PCA Complete   Complete     275.2       449.4  
                     
Delivery of Two Final Production Ready Units   Complete           125.6  
                     
Total Contract Milestones       $ 655.7     $ 3,268.1  
                     
Less: Liquidated Milestones (shipments)                 (564.1 )
                     
Total Customer Advance Deposits/Milestones               $ 2,704.0  

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