Australia's Vection rises on bagging Europe defence order

Vection Technologies

03/02/2026 03:01

** Shares of Vection Technologies VR1.AX rise as much as 10.7% to A$0.031, their biggest intraday pct gain since January 9

** Co gets A$2.2 million ($1.53 million) repeat defence order from a customer 'within the European military ecosystem'

** Order for co's new proprietary cyber and data appliance named FEDRA

** About 13.6 million shares change hands, 1.4 times the 30-day average

** VR1's stock lost 6.5% in January

   ($1 = 1.4368 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))