Vection Technologies Secures $2.1M Cybersecurity Contract

Vection Technologies Ltd. (AU:VR1) has released an update.

Vection Technologies Ltd has announced a significant $2.1 million contract for cybersecurity infrastructure development, aimed at bolstering national security intelligence for defense and law enforcement agencies. This contract, expected to be fully recognized in the fourth quarter of FY24, reinforces Vection’s ongoing partnership and is a testament to their sustained customer relationships and reliability. Although the earnings from this contract are not expected to have a major impact on the company’s EPS for FY24, it signals potential for future integrated spatial computing solutions.

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