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An update from Veem Ltd ( (AU:VEE) ) is now available.
VEEM Limited has achieved approved supplier status with Huntington Ingalls Incorporated Newport News Shipbuilding, a significant milestone that allows it to receive requests for quotations for the US Submarine Industrial Base. This achievement, facilitated by the Australian Submarine Supplier Qualification program, positions VEEM to enter the US defense supply chain, enhancing its reputation and opening new business opportunities in the defense sector.
The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.
More about Veem Ltd
VEEM Limited is a designer and manufacturer specializing in high-technology marine propulsion and stabilization systems, catering to the global luxury motor yacht, fast ferry, commercial workboat, and defense industries. The company is renowned for its market-leading Gyrostabilizers, which enhance vessel stability and safety. VEEM also produces high-performance propellers and fin systems, and is committed to research and development, operating from a large facility in Perth, Australia.
Average Trading Volume: 138,508
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$170.7M
See more data about VEE stock on TipRanks’ Stock Analysis page.