Vection Technologies (ASX:VR1) has been awarded a pilot order of ~$1M from a top ten largest defence contractor in the world for the provision of mission critical ICT infrastructure.
The order marks the company's first entry into the production chain of the authorised NATO Tempest producers and forms part of a larger tender of up to ~$30M.
If the pilot proves successful, Vection Technologies expects to finalise the subsequent order awards within the next six months, subject to final agreements and negotiations with the end client.
The order is expected to be delivered by the end of Q4 fiscal 2023 and is a critical steppingstone to establish Vection Technologies' INTEGRATEDXRÒ as a benchmark in the defence industry.