Core Insights - Theon International Plc has secured a new order exceeding €100 million from a European NATO member as part of a €300 million framework agreement, which includes the delivery of thousands of Night Vision Goggles (NVGs), monoculars, and binoculars scheduled for 2026, 2027, and 2028 [2][3] - Year-to-date order intake has surpassed €370 million, with additional options totaling €441 million, leading to a soft backlog of approximately €700 million and total options of around €720 million as of November 4 [3][4] - The company anticipates an acceleration in demand for military equipment, driven by European nations seeking to enhance their military capabilities, which is expected to increase the backlog and visibility for future orders [4] Company Overview - Theon Group develops and manufactures advanced night vision and thermal imaging systems for defense and security applications, with a global presence and operations starting in Greece in 1997 [7] - The company has over 220,000 systems in service with armed and special forces across 71 countries, including 26 NATO member states, and has been listed on Euronext Amsterdam since February 2024 [7]