INTEGRATEDXR company Vection Technologies Ltd (ASX:VR1) has announced has executed a $22.3m (scalable up to $29.5m at same conditions) multi-year master framework agreement with a repeat NATO-approved customer and partner operating within the European defence sector.

Highlights

• $22.3m framework agreement executed with a repeat NATO-approved customer and partner active across the European defence ecosystem, with current extension limit set for up to $29.5m.
• This contract shall be delivered from Vection’s existing resources and requires no additional capital outlay
• The partner supports the major European defence integrators and solution providers as certified vendor to the Council of Europe and NATO.
• The Framework extends to already-existing supplies, with the possibility of further new extensions deliverable within December 2030
• With this Framework, the Defence Program achieves the overall value of $40.0m of which $17.7m of contracts already signed and $10.3m already delivered as announced to the ASX on 29 July 2025 and specifically forms an extension of the 30 June, 15 July and 29 July 2025 ASX announcements.
• Repeat award deepens Vection’s role inside the authorised NATO Tempest production chain
• Heightened geopolitical tensions are accelerating demand for AI-powered monitoring solutions that protect national perimeters through rapid big-data analysis.

Overview

This solution stack integrates secure ICT infrastructure with Vection’s own solutions. As security priorities in Europe become more urgent, the customer is expanding these capabilities to oversee and safeguard critical assets. With the solution stack completed during the pilot phase last financial year, Vection is now accelerating its solution supply to the customer, aligning supply with the customer’s multi-year programme that shall extend to 2030, and welcomes these contract extensions.

This Framework provides a clear path for ongoing collaboration and structured order flow over the coming years and importantly, delivers visibility on scale. This latest agreement is the largest ever acquired by Vection and sets a further

$22.3m of revenue (with extension potential to $29.5m) on top of the orders already announced for this customer. Beyond the financial metrics, the Framework enhances Vection’s trusted position within the European defence ecosystem, building on its reputation for delivering to reputable partners and institutions across the region.

Gianmarco Biagi, Managing Director of Vection Technologies, said: “This Framework strengthens our long-standing relationship with a trusted European partner in the defence ecosystem, expanding Vection’s solutions and its role in the defence sector. It provides a clear programmatic path through 2030, with a portion already delivered and further significant orders on the way. We will maintain discipline in execution and update the market as we receive material orders”.

Key Terms (Summary)

• Counterparty: Certified European defence-sector partner (repeat customer).
• Scope: Supply and integration of advanced digital edge infrastructure and related solutions.
• Term: Through 31 December 2030.
• Overall Aggregate Defence Program Value: $40.0m with extension limit up to $47.2m subject to final contract award.
• Delivered to date: as planned by order
• Orders & recognition: Revenue aligned to Partner’s quota orders and actual deliveries. Multi-year deployment plan of Vection solutions.
• Termination: Customer may terminate if Vection fails to rectify a delay of more than 30 days in scheduled delivery plans.