After a 60% jump: Israeli defense company closes another multi-million dollar deal
Next Vision reports a new order worth approximately $5.9 million from an existing client, adding to an unprecedented order backlog of over $217 million since the beginning of 2026.
Following a 60% jump in its stock price since the beginning of the year, Next Vision, which develops, produces, and markets stabilized day and night imaging solutions for ground and aerial vehicles, reported on Monday a new order for cameras and other products totaling approximately $5.9 million.
This order, received from an existing client, reflects continued trust in the company's products and its ability to provide advanced, high-quality solutions. The new contract adds to a series of orders received by Next Vision since the beginning of 2026, bringing the total to over $217 million.
Under the agreement, 25% of the payment will be made as an advance. The balance will be paid prior to delivery, which is scheduled for the first quarter of 2027.
Chen Golan, Chairman and Founder of Next Vision, stated:
"After raising our revenue forecast for 2026 for the second time this year, we are now beginning to build our order backlog for 2027."
Golan added that the high demand for the company's products and the continued growth in global defense budgets are driving business expansion. Accordingly, the company continues to increase production capacity in Israel and abroad, strengthening its supply chain to ensure high-quality, continuous, and fast delivery to its customers.
