VEEM: Receives $9M in orders from ASC
- VEEM (VEE) has received $9M worth of orders from the Australian Submarine Corporation for specialised parts
- This order forms part of the maintenance program for Australian Submarine’s Collins Class Submarines
- Work begin immediately and deliveries are expected during July 2020
- VEEM Managing Director Mark Miocevich says this order underpins the business during these uncertain times
- VEEM has also ended the day 5.38 per cent in the green with shares trading for 49 cents each
- A gyrostabiliser, a device used to reduce the rolling motion of boats and ships in water
