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Veem Ltd ( (AU:VEE) ) just unveiled an update.
VEEM Limited announced the appointment of David Singleton as an independent Non-Executive Director, effective 30 September 2025, while Michael Bailey will retire at the 2025 AGM. Singleton brings over 40 years of engineering and leadership experience, particularly in the defence sector, which aligns with VEEM’s strategic focus on expanding its defence market involvement. His appointment is expected to provide valuable insights and contribute to VEEM’s growth in international defence markets, enhancing its industry positioning.
The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.30 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 an Australian defence manufacturer specializing in high-technology marine propulsion and stabilization systems for the global yacht, fast ferry, and commercial workboat markets. The company is known for its market-leading gyrostabilizers, which enhance vessel stability, and also produces high-performance propellers, fin systems, valves, and specialized components for the defence sector. Headquartered in Perth, Western Australia, VEEM operates from a large fabrication and manufacturing facility and is committed to research and development.
Average Trading Volume: 199,581
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$205.3M
Learn more about VEE stock on TipRanks’ Stock Analysis page.