In order to reduce the volume of a panoramic optical system, a four-channel infrared dual-band panoramic imager was designed using spatial multicamera image mosaicking. Each optical system of the imaging channel was designed in a double imaging configuration with an F-number of 2, working bands of MWIR 3 to 5 μm and LWIR 8 to 12 μm, and a full field of view (FOV) of 122 deg. By adopting refractive-diffractive hybrid optical elements and introducing aspheric designs, the system was made to achieve temperature compensation from -40 ° C to 60°C by means of optical passive athermalization. Results indicate that the system attained almost 100% cold stop efficiency. At the Nyquist frequency of 18 lp/mm, the modulation-transfer-function (MTF) of the MWIR system was higher than 0.70 at the edges of the FOV, whereas the MTF of LWIR system was greater than 0.35 for the same condition, both approaching the diffraction limit. ? The Authors. Published by SPIE under a Creative Commons Attribution 4.0 Unported License.