Tonbo wins EUR 65,000 European export order for EO/IR seeker
TONBO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Minute windows have no benchmark: there is no intraday index history to compare against.
Tonbo Imaging has won an international order worth about EUR 65,000 from a state-owned company in Europe for first production model EO/IR stabilised seeker units. Successful acceptance would allow the customer to place a follow-on order worth about EUR 13 million. The deal marks entry into an export loitering munition programme and is subject to an End User Certificate and Indian government export approval.
Positive for export visibility, but the initial order is small and the EUR 13 million follow-on order depends on acceptance and export clearance.