ASX:VEEMachinery
Why VEEM (ASX:VEE) Is Up 7.9% After Securing a US Navy Supply Deal With Northrop Grumman
VEEM Limited recently announced a nine-year manufacturing licence agreement with Northrop Grumman, valued initially at up to US$33 million, to supply precision components for the US Navy's Virginia Class submarine program, and completed a A$14 million capital raise to support its growing defence sector operations.
This move marks VEEM's entry into critical US defence supply chains and follows new accreditations with top-tier naval contractors, highlighting the company's expanding global...