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VEEM reports record financial results for FY24: NPAT soars by 70% to $7M

VEEM, a prominent designer and manufacturer of high-technology marine propulsion and stabilisation systems, has announced record financial results for the year ending 30 June 2024. 

VEEM’s partnership with Sharrow advances with successful propeller testing

VEEM Limited, known for its advanced marine propulsion and stabilisation systems, has achieved a notable milestone in its partnership with Sharrow Engineering, LLC, confirming the successful fulfilment of contractual requirements to progress to the next phase of their Technology Collaboration Agreement after thorough testing.

BAE Systems helps boost local industry capabilities with ‘Targeted Tasks’

BAE Systems Australia is collaborating with small and medium enterprises to enhance their capabilities to work on the Hunter Class Frigate Program as part of its “Targeted Tasks” initiative. 

Sharrow Engineering, VEEM ink exclusive worldwide pact for inboard propellers

Sharrow Marine, a subsidiary of Sharrow Engineering, has inked an exclusive worldwide licensing agreement with VEEM Ltd, an Australian marine propulsion and stabilisation systems manufacturer. 

VEEM secures new Singapore shipbuilding client, to supply gyrostabilisers for vessels

Australian marine systems manufacturer VEEM Limited has executed an agreement with Singapore-based Strategic Marine for the latter to employ small and medium size VEEM gyrostabilisers exclusively on the vessels it builds. 

VEEM secures pilot order for Hunter Class Frigate Program

Marine technology company Veem limited has received an order from BAE Systems Maritime Australia, head contractor for the Hunter Class Frigate Program (HCFP), for...

VEEM secures initial submarine refit order

Marine technology manufacturer VEEM Ltd has received an initial order from ASC for $3 million in relation to the next full cycle docking for...

ASC Shipbuilding announces Hunter contracts for three Australian companies

BAE Systems Australia’s shipbuilding business, ASC, has placed orders for three feasibility studies examining more opportunities for Australia’s local industry to participate in the...

Two Perth-based businesses win $2.1M defence contract

Local Perth-based firms Advanced Braking Technology and VEEM Ltd will join forces to design and manufacture a specialised braking system for the Army’s Hawkei...
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