Theon International Plc (THEON) announces new order intake totalling €53 million so far in 2025, from a total of 12 countries. 

These orders further add to THEON’s already increased soft backlog of approximately €650 million as of 31 December 2024.

The main portion of these new orders (including the sizable option) comes from the German Future Soldier Programme (IdZ), further strengthening THEON’s  presence in one of its core markets, Germany. 

Importantly, these new orders were for THEON’S newly launched Heads-Up Display system, part of its new A.R.M.E.D. product range, demonstrating good commercial traction and highlighting the potential for substantial new sales in this area.

Also read: THEON INTERNATIONAL PLC | Economic results of the 9th month of 2024

On 29 January 2025, the German Parliament approved the procurement of IdZ, with Rheinmetall Electronics GmbH serving as the prime contractor. Subsequently, BAAINBw and Rheinmetall signed the contract on 6 February 2025. 

Theon Sensors S.A., subsidiary of Theon International Plc, is the largest supplier for the programme. This initiative is expected to serve as a prime reference for similar programmes being organised in various countries worldwide. 

Meanwhile, THEON is making positive progress, actively participating in additional tenders with its new products, and experts to make further announcements soon, thereby enhancing its sales mix in the coming years. THEON anticipates that options to be fully exercised once initial deliveries commence, primarily in 2026.

 THEA Heads-Up Display of THEON

THEON will announce its Preliminary Results for FY 2024 on the 14th of February 2025, after market close.

Also read: THEON INTERNATIONAL | German parliament approves the exercise of the 3rd option of the OCCAR Night Vision contract