Vection Technologies Ltd has completed a major defence pilot worth $4.4m from a top ten global defence contractor. This supply follows the award announced on 2 March 2023 which flagged that a successful pilot could lead to delivery of a full tender worth ~$30m.
The deal involves secure ICT infrastructure combined with Vection’s INTEGRATEDXR® extended reality (XR) platform, and comes as security priorities in Europe become more urgent. Vection is one of the few ASX-listed tech companies executing AI and spatial computing at scale, with strong revenue generation, a fast-growing recurring revenue base (34% in 1H2025), and a clear path to profitability.
The new supply builds on the ~$1m pilot order announced on 2 March 2023, along with additional small-scale implementations delivered in FY24, bringing the total revenue from this customer to approximately ~$10m. According to the current framework agreement, ~$21m in optional work is still planned for FY26 to FY30, contingent upon subsequent further awards.
The Company expects to recognise ~$3.8m in revenue of the order total of $4.4m in FY25, with the balance in FY26.
Gianmarco Biagi, Managing Director, Vection Technologies, commented: “Transforming our pilot program into recurring orders within the NATO Tempest supply chain highlights the trust we have built with one of the largest defence contractors in the world. Achieving ~$10m in orders strongly validates our technology and is a strong indication that the client will continue with the full program for the additional $21m scheduled for FY26-FY30.”
