Vection Technologies Wins AU$2.2 Million Defense Contract, Shares Jump 11%

MT Newswires Live
Feb 03

Vection Technologies (ASX:VR1) has been awarded a AU$2.2 million contract from a repeat European defense customer, according to a Tuesday filing with the Australian bourse.

The contract, the first for its new cyber and data appliance named FEDRA (Far Edge Data Retention Appliance), comes under a AU$22.3 million multi-year framework agreement disclosed in September 2025.

Shares of the digital transformation services company rose 11% in recent trading.

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