Theon Wins €45M Night Vision Contracts with NATO Allies

Theon International Plc (THEON), a leading company in the defense and security sector, announced on October 20, 2026, that it has been awarded significant contracts from two European NATO member states for the supply of Night Vision products. The combined value of these contracts is approximately €45 million. The contract awards are subject to customary final authorities approvals, with deliveries anticipated to commence this year.

These awards further reinforce Theon’s leading position in the global Night Vision market and are a testament to the company’s proven technology, operational excellence, and ability to deliver at scale. They also underscore Theon’s critical role in supporting the ongoing modernization and rearmament of NATO armed forces.

Theon International Plc, founded in 1997 from Greece, now operates globally with subsidiaries and production facilities in countries including Cyprus, Germany, the Baltics, the United States, the Gulf States, Switzerland, Denmark, Belgium, Singapore, and South Korea. The company boasts a global footprint, with more than 300,000 systems in service with Armed and Special Forces in 73 countries around the world, 26 of which are NATO countries. Theon International Plc has been listed on Euronext Amsterdam since February 2024.