• New $1 million contract with existing defence client
• Builds on recent contracts, highlighting ongoing relationship
• Deployment begins immediately, with revenue recognition in FY25 and FY26

Vection Technologies Ltd (ASX:VR1, OTC:VCTNY), the INTEGRATEDXR® company, has announced a new order valued at $1 million, calculated on a Total Contract Value basis. This order builds upon recent contracts with the same client in the defence sector and highlights the ongoing relationship and growing collaboration expected in the near future. Deployment begins immediately, with half of the contract value to be recognised as revenue in FY25, and the remaining portion to be accounted for in the first half of FY26, subject to the achievement of delivery milestones. The contract focuses on a secure ICT solution that strengthens cyber and data protection layers for national security intelligence within Vection's Defence, Space, Military & Law Enforcement segment. By integrating more deeply into the client's supply chain, Vection paves the way for ongoing, scalable projects; the client has already indicated additional significant opportunities in the near future.

Vection views this outcome as a launchpad for even broader applications in defence and public safety.