THEON secures new orders of c.€50 million and is pre-selected for several higher-value contracts and options

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Postmedia has not reviewed the content. by GlobeNewswire THEON secures new orders of c.€50 million and is pre-selected for several higher-value contracts and optionsAuthor of the article:THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountBloomberg (THEON:NA) / Reuters (THEON.AS)30 September 2026 – Theon International Plc (THEON) is pleased to announce it has been awarded various contracts for a total value of c.€50 million from European and Middle Eastern countries, with deliveries expected to commence this year.More specifically, Theon received the notification of award for the supply of its NYX night vision goggles and the ORION fused goggles to a European NATO Member state. This is the first major contract award for the ORION fused goggles from a western European end user, which is a significant step in the context of the THEON NEXT initiative to develop a European, fully interconnected future soldier vision system.This advertisement has not loaded yet, but your article continues below.Alongside the above, further orders have been received by KAPPA (100% owned by THEON) for various land and sea applications for a high single-digit million amount in total.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againRemaining orders reflecting a mix of man portable products. As we enter Q4 2026, the reprioritization towards land forces equipment anticipated by THEON earlier this year is already materialising, with THEON being selected across various projects.These orders further reinforce THEON’s leadership position in the evolving soldier modernisation era, and we continue to expect demand to accelerate in Q4 this year and into early 2027.Philippe Mennicken, Deputy CEO and Business Development Director of THEON stated: “We are pleased to see demand indicators across the board for the coming periods to point in the right direction as shown by the first batch of new orders and as already advised on reprioritisation in progress. With THEON’s selection across several other higher-value contracts and options, we expect to deliver strong last quarter 2026/first quarter 2027 (depending on approval processes by several governments) order intake, but like always we continue to remain conservative in our approach. Last, but not least, we are also pleased that our Business Development & R&D integration activities for the recent investments and acquisitions continue, especially for gimbals and air defence systems. While full operational integration can only commence following the receipt of required regulatory approvals, THEON has already commenced offering an integrated electro-optical platform globally, through these initial integration activities. “This advertisement has not loaded yet, but your article continues below.For inquiries, please contact:Investor RelationsNikos MalesiotisE-Mail: ir@theon.comTel: +30 210 6772290Media ContactElli MichouE-Mail: press@theon.comTel: +30 210 6728610THEON GROUP of companies develops and manufactures cutting-edge night vision and thermal imaging systems for Defense and Security applications with a global footprint. THEON GROUP started its operations in 1997 from Greece and today occupies a leading role in the sector thanks to its international presence through subsidiaries and production facilities in Greece, Cyprus, Germany, the Baltics, the United States, the Gulf States, Switzerland, Denmark, Belgium, Singapore and South Korea. THEON GROUP has more than 300,000 systems in service with Armed and Special Forces in 73 countries around the world, 26 of which are NATO countries. ΤΗΕΟΝ ΙΝΤΕRNATIONAL PLC has been listed on Euronext Amsterdam (AMS: THEON) since February 2024.www.theon.comThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.