Australia's Vection Technologies surges on deal with NATO-approved partner

Vection Technologies

22/09/2025 01:56

** Vection Technologies VR1.AX surges as much as 37% to A$0.074, highest since January 25, 2023

** Stock set for best session since October 28, 2024

** Software company secures A$22 mln ($14.5 mln) multi-year defence deal with NATO-approved customer and partner operating in European defence sector

** Current extension limit for agreement set at A$29.5 mln

** About 92.5 mln shares traded, 5.6x the 30-day avg

** VR1 gains 143.3% YTD

($1 = A$1.5177)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))