PRESS RELEASE
Bloomberg (THEON:NA) / Reuters (THEON.AS)
1 June 2026 – Theon International Plc (THEON) announces new orders totaling €42 million in Q2 2026 to date, with an additional €27 million in associated options. The majority relates to Kappa Optronics’ (KAPPA) Vehicle Awareness Systems for several hundred armored vehicles in a European Union country, with deliveries spanning from 2026 to 2028. The order will be funded through the EU’s SAFE (Security Action For Europe) mechanism, allowing other countries to join under the same contract, creating potential for additional new business and growing orders. Together with the recently announced PHYLAX order, it supports THEON’s expansion into the platform-based segment and its broader revenue growth and diversification strategy.
Read more at globenewswire.com
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