THEON announced plans for a 30 million Euro investment in Greece to establish a new production facility, expecting significant revenues from the defense sector.
Greek defense company THEON has declared plans to invest 30 million euros for the construction of a new production facility in Greece, following a significant order from a leading manufacturer of armored vehicles. This announcement coincides with the release of its preliminary financial results for 2025, which underscore a transitional year for the company as it strengthens its market presence. With a robust backlog of 1.4 billion euros, the company aims to expand its product portfolio and reinforce its strategic operations in the defense sector.
The investment marks a pivotal moment for THEON, as it positions itself to capitalize on growth opportunities within defense-related industries. The new facility is not only expected to cater to armored vehicle production but also to diversify into various sectors of defense manufacturing. This strategic move highlights the company's commitment to scaling its operations and adapting to the evolving demands of the defense market, ultimately aiming for projected revenues of about 600 million euros.
As THEON embarks on this ambitious plan, it is set to enhance Greece's defense capabilities while also contributing to the local economy through job creation and industrial development. The company’s forward-looking vision and long-term contracts provide a glimpse into sustained growth beyond the usual business cycles, extending visibility well into 2029 and illustrating the strategic importance of defense investments in Greece’s economic landscape.
