Tonbo Imaging Secures EUR 65,000 Export Order from Europe
Tonbo Imaging India Ltd has received a strategic export order from a state-owned European company for its EO/IR stabilised seeker. The initial order is valued at approximately EUR 65,000 for First of Production Model (FOPM) units. Upon successful acceptance, the customer has the option to place a follow-on order potentially worth EUR 13 million. This order signifies the seeker's entry into an export loitering munition program and positions Tonbo for series supply. The company's CEO highlighted this as a validation of their investment in core imaging, stabilization, and tracking technology, enabling them to move from sensors into precision guidance. The contract is subject to an End User Certificate and export authorization from the Indian government.
Key Highlights
- Secured strategic export order for EO/IR stabilised seeker from Europe.
- Initial order value approximately EUR 65,000.
- Potential follow-on order valued at EUR 13 million.
- Marks entry into export loitering munition program.
- Order subject to export authorization and End User Certificate.
Price Impact
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