Vection Technologies Secures AU$1.1 Million in New Orders Across Defense, AI Platform; Shares Up 9%

MT Newswires Live

05/21

Vection Technologies (ASX:VR1) has secured new orders totaling about AU$1.1 million, according to a Thursday Australian bourse filing.

The orders comprise a defense program extension and new Algho AI platform orders of AU$513,000 across four enterprise verticals, all fully recognized in fiscal 2026.

The defense program extension is worth AU$572,000 from an existing classified defense partner, delivered in partnership with Dell Technologies. New Algho AI platform orders are worth AU$513,000 across four enterprise verticals, the filing showed.

The company said its cumulative defense program orders have reached about AU$30.6 million.

Vection's shares jumped 9% in recent trade.

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