Core Points - Theon International Plc (THEON) has signed a Contract Revision with OCCAR for the supply of an additional 100,000 Night Vision Goggles (NVGs) to the German Bundeswehr and 4,000 NVGs to the Belgian Armed Forces, marking a significant increase in military procurement [4][5][13] - The total value of the contract is approximately €1 billion, representing the largest single procurement of NVGs in the history of a European NATO member [5][10] - With this order, the total number of NVGs under contract, including options, reaches around 200,000, solidifying THEON's position as the largest supplier of Night Vision equipment in Europe [6][9] Contract Details - The Contract Revision includes a Facility of Services valued at approximately €100 million and is part of a gradual implementation option [5] - Previous orders through OCCAR included 66,000 NVGs for the German Bundeswehr and 8,000 for the Belgian Armed Forces, with most already delivered [6] - The contract requires deliveries of the Mikron binocular, powered by Exosens 16 mm tubes, with THEON securing over 400,000 Image Intensifier Tubes (IIT) through a Long-Term Commercial Agreement with Exosens [7] Operational Strategy - Part of the assembly will occur in Germany at the Hensoldt Theon NightVision facility, with plans to triple the workforce by the end of 2026 [8] - THEON's order intake for 2025 stands at €1.3 billion, with total backlog including options reaching approximately €2.4 billion, indicating strong demand and growth potential [9][13] - The company anticipates continued growth in the man-portable segment, driven by increasing defense spending in Europe and the APAC region [10]

THERMIS Mk2 WS THERMIS Mk2 WS Philippe Mennicken, Deputy CEO and Business Development Director of THEON (left), First Director Jan Gesau, Head of Department U, Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) Philippe Mennicken, Deputy CEO and Business Development Director of THEON (left), First Director Jan Gesau, Head of Department U, Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) PRESS RELEASE Bloomber ...

Core Points - Exosens has secured a significant contract with the Spanish Army for the supply of 17,000 advanced night vision monoculars, marking a major acquisition aimed at modernizing the army's night vision capabilities as part of an increased defense budget strategy [2][9] - The contract represents the first large-scale procurement by the Spanish Armed Forces in recent years, reflecting a commitment to enhance their defense capabilities [2][5] - The selected monoculars feature a unique wide field of view of 50°, improving image size by 60% compared to conventional models, thus enhancing visibility and situational awareness in nighttime operations [4][6] Company Overview - Exosens is a high-tech company with over 85 years of experience in the innovation and development of electro-optical technologies, including night vision equipment [8][10] - The company is recognized for its advanced optical designs and high-performance image intensifier tubes, which are crucial for military applications [6][7] - Exosens is listed on Euronext Paris and is part of several indices, indicating its strong market presence and recognition in the tech sector [11]