Vection Technologies Gets AU$4 Million Defense Contract Extension, Shares Down 6%

MT Newswires Live

2025/02/05

Vection Technologies (ASX:VR1) received AU$4 million defense contract extension for its artificial intelligence software, the company said in a Wednesday Australian bourse filing.

The value of the contract will be recognized in its earnings results for the fiscal year ending June 30, the filing said.

Shares were down 6% in recent trade.

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