Defence and exclusive global marine contracts swell VEEM profits
Marine manufacturer VEEM has seen revenue jump by a third as defence contracts and exclusive global agreements boost its bottom line.
Marine manufacturer VEEM has seen revenue jump by a third as defence contracts and exclusive global agreements boost its bottom line.
Perth marine engineering firm VEEM and propeller developer Sharrow Marine are to advance to manufacture of a new type of propeller designed for inboard motor propulsion. The two companies have replicated for inboard motors the advances made by the original Sharrow propeller which eliminated cavitation in traditional propellers. Now the US and Australian company have…
Defence manufacturer BAE Systems Australia has developed a new concept in boosting the capabilities of the SME suppliers it relies on through the deployment of ‘Targeted Tasks’. As part of the Hunter Class Frigate Program the company aims to maximise Australian Industry Capability, and has tasked Australian SMEs with a specific scope of work to…
Perth-based marine engineering manufacturer Veem has signed a partnership with Detroit’s Sharrow Marine, with Veem gaining exclusive rights to commercialise and manufacture the Sharrow Propeller for inboard propellers up to five metres in diameter. The partnership will see Veem initially produce propellers for superyacht and commercial vessels in the 30 – 90 feet (10 –…
Marine systems manufacturer VEEM has signed an agreement with Singapore shipbuilder Strategic Marine for the exclusive use of VEEM gyrostabilisers in the vessels it constructs. VEEM manufacturers stabilisers for the global luxury motor yacht, fast ferry, commercial workboat and defence sectors at its Perth facility. Under the agreement, VEEM will supply its VG70, VG100 and…