From Financialpost · · 1m
Theon Wins €45m NATO Night Vision Contracts
Theon International secures €45 million in night vision contracts from two NATO countries for defense systems.
In brief
Theon International secures €45 million in night vision contracts from two NATO countries for defense systems. Theon International won contracts worth €45 million from two European NATO member states for night vision products. Originally reported by Financialpost.
Theon Wins Contracts
Theon International Plc has been awarded contracts from two European NATO member states for night vision products worth approximately €45 million.
Contracts Subject to Approval
The contract awards remain subject to customary final authorities approvals with deliveries expected to commence this year.
Reinforces Market Leadership
The awards further reinforce Theon’s leading position in the global night vision market and are a testament to the Group’s proven technology and operational excellence.
Supports NATO Modernization
They also underline Theon’s key role in supporting the ongoing modernisation and rearmament of NATO armed forces.
CEO Comments on Demand
Philippe Mennicken, Deputy CEO and Business Development Director, stated these awards reflect strong demand for night vision systems across NATO countries and reinforce Theon’s leadership position.
What to remember
Theon International won contracts worth €45 million from two European NATO member states for night vision products.
