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2025-12-17
Theon Secures €100 Million Order for Night Vision Systems
Theon International Plc (THEON) recently secured a new order worth over €100 million from a European NATO member state as part of the €300 million framework agreement. This first tranche of this agreement requires the delivery of several thousand Night Vision Goggles (NVGs), monoculars and binoculars.
The deliveries are scheduled for 2026, 2027 and 2028. Additional orders are expected in the short and mid-term under the same agreement, not only for NVGs but also for Thermal clip-ons IRIS-C.
In light of recent announcements, year-to-date order intake has exceeded €370 million, with additional new options amounting to €441 million. The company’s soft backlog stands at approximately €700 million with total options of €720 million.
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