THEON secures additional orders of more than €50 million in Q1 2025, a combination of Night Vision Goggles and A.R.M.E.D. products. An additional c.€50 million was transferred from soft to hard backlog.

Press Release

Bloomberg (THEON:NA) / Reuters (THEON.AS)

Newly awarded contracts increase soft backlog by more than €50 million

Already announced orders of c.€50 million move from soft to hard backlog

A.R.M.E.D. products are getting increasing traction in many countries

18 March 2025, THEON INTERNATIONAL PLC (THEON) announces newly awarded contracts that increase soft backlog by more than €50 million. At the same time, other previously secured orders (soft backlog) worth approximately €50 million move to THEON's hard backlog. The new orders primarily require deliveries in 2025-2026, increasing coverage at the bottom of the range of 2025 guidance to c.90%.

The newly awarded contracts mostly include orders from Northern European countries. Aside from Night Vision Goggles (NVGs), part of the orders relates to the recently launched A.R.M.E.D. ecosystem ...