Vection Technologies (Vection) has announced it has executed a $22.3 million multi-year master Artificial Intelligence (AI) framework agreement (Framework) with a repeat NATO-approved customer and partner operating within the European defence sector.
"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," Managing Director of Vection Technologies, Gianmarco Biagi, said.
The contract is scalable up to $29.5 million. This solution stack will integrate secure ICT infrastructure with Vection’s own solutions. 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 program that shall extend to 2030, and welcomes these contract extensions.
This Framework will provide a clear path for ongoing collaboration and structured order flow over the coming years and will deliver visibility on scale. 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 million of which $17.7 million of contracts have already been signed and $10.3 million have already been 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.