VEEM, a designer and producer of marine propulsion and stabilization methods for the worldwide luxurious motor yacht, quick ferry, business workboat, and protection industries, has been awarded two grants totalling $2 million below the Federal Authorities’s Defence Trade Improvement Grants Program – Sovereign Trade Priorities Stream.
$1 million can be used to buy and set up a 3D sand printer able to printing moulds required for the casting of propellers, valves, and different vital elements for nuclear-powered submarines (NPS), unmanned underwater automobiles, and different naval vessels. The opposite $1 million can be used to buy and set up a multi-axis CNC machine able to machining valves, propellers, and different vital elements required for a similar automobiles.
VEEM is at the moment on the design stage of extending its amenities in Western Australia. This new gear is anticipated to be put in within the new extension when accomplished, across the finish of 2025. Along with offering functionality to the Australian protection trade, VEEM can also be working with HII below the Australian Submarine Provider Qualification (AUSSQ) pilot program to change into a part of the US submarine industrial base.
“We’re proud to be a part of Australia’s defence trade and really appreciative of receiving the $2 million in grant funding, which permits VEEM to extend its capability and functionality for manufacturing propellers and different vital elements for the Navy and the Nuclear-Powered Submarine program particularly,” mentioned Mark Miocevich, Managing Director of VEEM. “VEEM appears to be like ahead to the elevated alternatives for native manufacture popping out of AUKUS and different naval shipbuilding applications.”
