VEEM Limited (VEEM) is an Australia-based company, which is a designer and manufacturer of disruptive, high-technology marine propulsion and stabilization systems for the global luxury motor yacht, fast ferry, commercial workboat and defence industries. The Company is also engaged in manufacturing engineered products and services for the marine, defense and mining industries. The Company operates various businesses, including VEEM Marine, VEEM 24-7 Engineering, Defense, Timcast Hollowbar and Conquest Propellers. VEEM Marine has marine technology with the commercial facilities. VEEM 24-7 Engineering provides services to aerospace, defense, mining, and oil and gas industries. VEEM Defense is engaged in defense contracts, such as manufacturing and servicing the Oberon class submarine valves through to the propulsion system for the new Pacific patrol boats.