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Why Is the Defence Contract Important for Vection Technologies? — ASX:VR1| ASX Mining News & Discussion
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Lykeshares Official
$VR1 Why Is the Defence Contract Important for Vection Technologies?
Vection Technologies Secures Significant Defence Contract

Vection Technologies Ltd, a leader in integrated extended reality solutions (INTEGRATEDXR®), has announced a notable contract win valued at $4.9 million (€3.0 million) with a technology service provider serving law enforcement, government, and security agencies.

This award underscores Vection's growing influence in cybersecurity and infrastructure security, with the contract set to bolster a non-European government's ICT infrastructure. Scheduled for completion in the third quarter of fiscal year 2024, this deal not only highlights Vection's operational excellence but also its strategic importance in the defence, space, military, and law enforcement sectors.

Contract Details: Financial Overview

The contract, contributing directly to the company's revenue in the third quarter of FY24, has already seen an initial deposit of $1.3 million (€0.8 million), with the balance expected within February 2024. Despite being categorized as low margin, the earnings from this project are seen as positive, albeit with a minimal impact ...
Why Is the Defence Contract Important for Vection Technologies?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?