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]

EXOSENS AND THEON EXTEND LONG-TERM COMMERCIAL AGREEMENT THROUGH 2030 TO SECURE IMAGE INTENSIFIER TUBE CAPACITY IN A MARKET CONSTRAINED BY GROWING DEMAND PRESS RELEASEDECEMBER 3rd 2025 Exosens and Theon International announce the signature of the extension of long-term supply agreement for another 3 years, securing deliveries through 2030In a market where the global supply of image intensifier tubes remains structurally below demand, this extension secures capacity for both companies, reinforces their marke ...