Our Photonics business outlook continues to be strong and is on track to grow approximately 30% or to $40 million this year. In the second quarter, revenue increased 37.5% from Q1 to $11 million with a 23% operating margin. Today the primary revenue growth drive, as we’ve discussed on prior calls, is our Apache camera program for the U.S. Army. Our team has done a great job of executing the transition of this program from pilot to full rate production levels. We believe that our performance in Apache program will help facilitate success in other digital night vision programs as it will clearly demonstrate the capability and maturity of our core technology as well as validate our capability as a systems provider.
We’ve also shipped over 7000 camera modules for digital night vision rifle sights.
http://seekingalpha.com/article/2350125-intevacs-ivac-ceo-wendell-blonigan-on-q2-2014-results-earnings-call-transcript
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