THEON International has announced new orders worth around €50 million from European and Middle Eastern countries, with initial deliveries expected to begin later this year.
Philippe Mennicken, Deputy CEO and Business Development Director of THEON, said the company was “pleased to see strong prospects emerging across all areas of our business for Q4 2026 and Q1 2027”.
Mennicken also noted that “THEON has been selected for additional orders worth several hundred million euros, including purchase options, which are currently undergoing final confirmation and are expected to be finalised no later than Q1 2027”. Nevertheless, management stressed that it would continue to take a conservative approach to its forecasts.
In detail, THEON has received a notice of award for the supply of NYX night-vision binoculars and the ORION dual-channel fused imaging system to a European NATO member state. This is the first major ORION binoculars delivery contract from a Western European country, marking an important milestone for the THEON NEXT initiative to develop a European, fully interconnected vision system for the soldier of the future.
At the same time, new orders worth several million euros for land and maritime surveillance systems have been secured by the Group through KAPPA, a wholly owned subsidiary of THEON. The remainder of the new orders concern various portable systems.
Since the beginning of Q4 2026, the company has been seeing the anticipated prioritisation of…
