• Approved Huntington Ingalls Incorporated Newport News Shipbuilding (HII-NNS) supplier
• Achieved through AUSSQ for qualification into US Submarine Industrial Base
• VEEM able to receive requests for quotation (RFQs) expected in 1HFY26

VEEM Limited (ASX: VEE), a designer and manufacturer of disruptive, high-technology marine propulsion and stabilization systems, has achieved Huntington Ingalls Incorporated Newport News Shipbuilding (HII-NNS) approved supplier status. This milestone was achieved through the Australian Submarine Supplier Qualification (AUSSQ) program, which has been developed by the Australian Submarine Agency to streamline and accelerate the qualification of Australian suppliers into the US Submarine Industrial Base, in support of the AUKUS Pillar I Optimal Pathway and Trilateral Submarine Industrial Base outcomes. The AUSSQ Pilot Program involved a quality assessment by HII-NNS Supplier Quality. This achievement enables VEEM to receive requests for quotation (RFQs) from HII-NNS, which are expected in the first half of FY26. However, the company is not currently aware of the likely size or scope of any RFQs to be provided. This is a further step for VEEM in entering the United States defence supply chain.

VEEM's CEO, Trevor Raman, stated that participating in the AUSSQ program has strengthened the company's position as a trusted partner within the defence sector, opening doors to new business opportunities and long-term collaboration with prime contractors. The rigorous qualification process has validated the technical capability of VEEM's products and enhanced its reputation for reliability and performance. This involvement enables VEEM to play a meaningful role in supporting national security by contributing to a resilient and capable defence supply chain.