Vection Technologies (ASX:VR1) has secured a new order valued at AU$1 million, calculated on a total contract value basis, according to a Monday Australian bourse filing.
The company said deployment for the order begins immediately, with half of the contract value to be recognized as revenue within the fiscal year, and the remaining portion to be accounted for in the first half of fiscal year 2026, subject to delivery milestones.
The contract focuses on a secure information and communication technology product that strengthens cyber and data protection layers for national security intelligence within the company's defense, space, military, and law enforcement segments.
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