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THEON secures c.€41 million new firm orders and additional c.€40 million options
Globenewswire· 2026-02-17 16:56
Group 1 - Theon International Plc has secured new firm orders totaling approximately €41 million from European NATO member states and Middle Eastern countries, including night vision goggles and thermal clip-on devices [2][3] - The majority of the new orders are part of a framework agreement with a European NATO country, which includes additional options worth around €40 million [2] - The company has also received a new order under the Squad Binocular Night Vision Goggle program for the United States Marine Corps, marking the fourth delivery order under a multi-year ID/IQ contract awarded in 2023 [3] Group 2 - Philippe Mennicken, Deputy CEO, highlighted the strong commercial momentum at the start of 2026, indicating that the new orders will further add to the company's backlog [4] - The company is actively pursuing global opportunities, aiming for an order intake that will exceed expected deliveries in 2026 [4] Group 3 - Theon Group develops and manufactures advanced night vision and thermal imaging systems for defense and security applications, with a significant global presence [6] - The company has over 250,000 systems in service with armed and special forces across 72 countries, including 26 NATO countries [6] - Theon International Plc has been listed on Euronext Amsterdam since February 2024 [6]