The newly awarded contracts include orders from Northern European countries, covering both Night Vision Goggles (NVGs) and products from THEON’s recently launched A.R.M.E.D. ecosystem. The company anticipates further orders for these products and is in advanced stages of several tenders worth hundreds of millions of euros. Additional updates are expected in Q2 2025.
Philippe Mennicken, Business Development Director of THEON, stated: "The anticipated increase in demand, driven by the recent geopolitical environment, is expected to accelerate new orders and the exercise of options at a pace faster than usual. THEON is well-positioned to swiftly deliver both Night Vision and Thermal Imaging products, thanks to its high production capacity and the availability of critical components."
THEON will publish its Annual Report 2024 on April 14, 2025, after market close. A live webcast and Q&A session is scheduled for April 15, 2025, at 14:00 CET.
