Australia's Vection Technologies jumps on delivering defence order

Vection Technologies

30/06/2025 05:15

** Shares of Vection Technologies VR1.AX rise as much as 27.6% to A$0.037, their highest level since Feb 5

** Stock posts biggest intraday pct gain since Dec 11

** Software company delivers order to supply ICT infra and AI-enabled analytics worth A$4.4 million ($2.87 million) to unidentified global defence contractor

** Co expects additional works for the customer in FY26-30 to yield nearly A$21 mln in revenue

** Around 32.7 mln shares change hands, 3.3x the 30-day average trading volume of about 9.8 mln shares

** Session brings YTD gains to 20%

($1 = 1.5309 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com;))