Additional orders under the same agreement are expected in the near future, including for IRIS-C thermal clip-on systems. Year-to-date, Theon’s order intake has surpassed €370 million, with new options totalling €441 million.
As of 4 November, the company’s soft backlog stands at approximately €700 million, excluding orders invoiced in October, with total options estimated at around €720 million. Philippe Mennicken, Deputy CEO and Business Development Director of Theon, said: “We have already been experiencing an acceleration of demand in Q4, in line with annual seasonality. We expect more orders to come in the coming quarters as Europeans look to equip their soldiers with additional capabilities.”
He added: “At the same time, many countries are seeking to expand both their regular soldiers and reserve military forces, which presents additional opportunities for our business. These anticipated orders are expected to increase our backlog and thus our visibility in the years to come.”
