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VEEM Raises $14M to Power US Submarine Supply Ambitions
10:01am on Tuesday 30th of September, 2025 AEST
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Manufacturing
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VEEM Raises $14M to Power US Submarine Supply Ambitions
10:01am on Tuesday 30th of September, 2025 AEST
Key Points
Completed $14 million capital raise via placement
Signed 9-year US$33 million manufacturing licence with Northrop Grumman
Achieved Level 1 supplier accreditation with Huntington Ingalls Industries
Defence revenue expected to accelerate in 2HFY26
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