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Sparks commentary - Theon International

Industrials

Sparks - Theon International

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THEON INTERNATIONAL (AMS: THEON) – additional order intake
Published by David Larkam

A new order has been received for several of THEON INTERNATIONAL’s IRIS-C thermal clip-on units (for military soldier weaponry), and c €66m of previously announced orders moved from soft to hard backlog in the last 15 days, involving mainly THEON’s new digital augmented reality modular ecosystem of devices (ARMED) products. Clearly positive in terms of the order book, but arguably more important is the evidence of take-up of new products as THEON’s capabilities are expanded, in particular the thermal clip-ons, which provide the alternative technology to the group’s traditional optic-based night vision systems.

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