VEEM Secures HII Virginia Class Submarine Orders
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Veem Ltd. has announced that it is the first Australian company to secure purchase orders for Virginia Class Submarines from HII, marking a significant milestone in its expansion into the US defense supply chain. The initial orders have a combined value and follow over a year of rigorous qualification processes to meet US supply chain requirements. Veem's Managing Director highlighted the company's long-standing expertise in submarine programs as a key factor in achieving this milestone.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
• VEEM is first qualified AUSSQ supplier in Australia to receive Virginia Class Submarine purchase orders from HII. • Initial purchase orders for $0.8m. VEEM Limited (ASX: VEE) (‘VEEM’ or ‘the Company’), an Australian Defence manufacturer, designer and manufacturer of disruptive, high-technology marine propulsion and large gyrostabiliser (‘gyro’) systems for the global yacht, fast ferry and commer
In the deck
Earlier from Veem
- FY26 Results Presentation
- FY26 Results - Upper End of Guidance
- FY26 Financial Statements and Appendix 4E
- Management Update
- Factory Extension and Trading Update
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