Vection secures $8m first Framework order

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Stock Vection Technologies Ltd (VR1.ASX)
Release Time 6 Oct 2025, 8:33 a.m.
Price Sensitive Yes
 Vection secures $8m first Framework order
Key Points
  • $7.8m first order secured under $22.3m framework agreement with NATO-approved partner
  • Framework provides multi-year visibility and contract award certainty, with further material orders expected
  • Adds to $12.3m in recognised revenues Vection has already delivered for this client
Full Summary

Vection Technologies Ltd (ASX:VR1, OTC:VCTNY, FRA:S1X) has received a $7.8m order from its repeat NATO-approved customer within the European defence ecosystem. This order represents the first order to date under the recently executed $22.3m framework agreement. The framework agreement provides multi-year visibility and contract award certainty, with further material orders expected. This new order adds to the $12.3m in recognised revenues Vection has already delivered for this client. The total revenue to be delivered in FY26 under these awards for this one client is now estimated to be $7.7m. Vection has an established a track record of successful delivery with this NATO-approved customer over several years, with growing revenues each year since commencement in March 2023. This new $7.8m order marks the transition of the program into a more robust and long-term framework structure while also building on the Company's proven delivery record with this customer. The order confirms the continuity and expansion of Vection's defence program through to 2030, provides greater visibility under an agreed framework, and reinforces Vection's role as a trusted supplier to NATO and European defence institutions.

Outlook

Vection remains disciplined in execution and looks forward to further material orders under the framework in the coming years.