PRESS RELEASE
Bloomberg (THEON:NA) / Reuters (THEON.AS)
15 June 2026, EUROSATORY (Paris) – Theon International Plc (THEON) is pleased to announce that Safran Electronics & Defense (SAFRAN) and THEON have signed of a Memorandum of Understanding to establish a joint venture dedicated to the design, development and commercialization of airborne electro-optical and infrared systems for unmanned aerial vehicles. The joint venture will combine the complementary strengths of both companies to develop next generation optronic solutions, covering small gimbals weighing less than 8 kilograms, to address the growing demand for intelligence, surveillance, reconnaissance (ISR) and targeting capabilities in defense and security markets.
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