Strategic Marine accelerates gyrostabilizer deliveries

November 16, 20231 min read

Strategic Marine has advised that the VG140SD VEEM Gyro will now be fitted as standard on its fourth- generation fast crew boat (FCB) due to the benefits afforded through improved stabilisation.
Asaresult,StrategicMarinehasacceleratedthedeliverydatesforthe12gyrostabilizersthatitorderedunder the exclusivity agreement with VEEM in June 2023.
Strategic Marine will now receive three VG140SD VEEM Gyros before 31 December 2023 and the remaining nine during the second half of FY24.
Due to the acceleration of the delivery dates, VEEM expects to report revenue from gyrostabilizers in excess of $10 million for FY24 – double that of FY23.

VEEM Ltd (ASX:VEE) is a global leader in precision engineering, specializing in advanced marine, defense, and aerospace technologies, proudly designed and manufactured in Australia to deliver world-class innovation and reliability.

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Head Office:
22 Baile Rd,
Canning Vale, WA 6155
AUSTRALIA

Postal:
PO Box 1542,
Canning Vale, WA 6970
AUSTRALIA

ABN: 51 008 944 009

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About VEEM Ltd
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Phone: +61 8 9455 9355
(Available 9-5 AWST)

General: veem@veem.com.au
Propellers: props@veem.com.au
Gyrostabilizers: gyro@veem.com.au
Hollowbar: hollowbar@veem.com.au
Engineering: sales@veem.com.au

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