Theon International secures €45 million in NATO night vision contracts

Theon International Plc has secured new contracts valued at approximately €45 million for the supply of night vision systems to two European NATO member states. These agreements are subject to final approvals from relevant authorities, with initial deliveries expected to commence within 2026.

Philippe Mennicken, Deputy CEO and Business Development Director at Theon, stated that these orders reflect strong demand for night vision technology among NATO nations. The company anticipates a further acceleration of new orders toward the end of 2026 and into the first quarter of 2027, driven by both seasonal trends and recent geopolitical developments.

Founded in Greece in 1997, Theon International has expanded into a global entity with a presence in numerous countries, including the US, Germany, and South Korea. The company has supplied over 300,000 systems to armed forces in 73 countries and is listed on the Euronext Amsterdam.