Vection Technologies (ASX:VR1) secures AU$1.6 million artificial intelligence defense order from a classified client in collaboration with Dell Technologies, according to a Wednesday filing with the Australian bourse.
The annual recurring revenue is expected to be fully recognized in fiscal year 2026, with further revenue anticipated through continued scope extensions through to 2027, the filing said.
Vection Technologies shares rose 6% in morning trade on Wednesday.
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