100,000 NVG for the Bundeswehr

That's how to do “Zeitenwende”, Theon International Plc (THEON) signed of a Contract Revision with OCCAR, for the supply of additional 100,000 Night Vision Goggles (NVGs) to the German Bundeswehr, the biggest European order of NVG's in the history of NATO. Also, 4,000 NVGs will be supplied to the Belgian Armed Forces.

The Contract Revision, including the Facility of Services valued at c. €100 million as a gradual implementation option, has a total value of approximately €1 billion and represents the largest single procurement of NVGs in the history of a European NATO member. With this latest order, the total number of devices under the contract, including options, reaches c.200,000. THEON remains the largest supplier of Night Vision equipment in Europe, now having secured significant backlog visibility over the next 4 years until 2029.

In line with the original contract and the previous amendments, this Contract requires deliveries of the Mikron binocular, powered by Exosens 16 mm tubes. THEON has recently secured the supply of more than 400,000 Image Intensifier Tubes (IIT) through the latest extension of its Long-Term Commercial Agreement (LTCA) with Exosens (PHOTONIS) to the end of 2030 (as announced on 3 December 2025). The LTCA more than allows THEON to fulfil all its existing requirements, with capacity to fulfill further new orders.

Consistent with THEON’s continuous local fulfillment strategy followed in previous orders, part of the assembly will take place in Germany, at the joint company Hensoldt Theon NightVision (HTN) facility, in Wetzlar, Hesse. In order to fulfill its part of the Contract, and support the ongoing anticipated growth in orders, HTN shall move into new much larger facilities in Q2 2026 with its number of employees to triple by the end of the coming year