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Vection Technologies Ltd. ( (AU:VR1) ) has issued an announcement.
Vection Technologies has secured a $7.8 million order under a $22.3 million framework agreement with a NATO-approved partner in the European defense ecosystem. This order enhances Vection’s role in the defense sector, providing multi-year visibility and reinforcing its position as a trusted supplier to NATO and European defense institutions. The agreement marks a significant milestone, transitioning Vection’s defense program into a structured, multi-year delivery model through 2030, and demonstrates the company’s strong track record and growth potential in the defense industry.
More about Vection Technologies Ltd.
Vection Technologies is a growing enterprise-focused company that helps businesses bridge the physical and digital worlds through extended reality (XR) interfaces. The company is listed on the Australian Securities Exchange (ASX) and also trades on the U.S. over-the-counter (OTC) markets and Germany’s Frankfurt Stock Exchange.
Average Trading Volume: 22,360,551
Technical Sentiment Signal: Buy
Current Market Cap: A$138.5M
Learn more about VR1 stock on TipRanks’ Stock Analysis page.