High-technology marine propulsion and stabilisation systems designer VEEM Limited (ASX: VEE) has received an order from BAE Systems Australia for the manufacture of demonstrator blades and hubs for the Hunter Class Frigate Programme (HCFP).
VEEM successfully delivered the pilot project in early 2022, thus completing the first ‘targeted task’ in qualifying as a supplier to Kongsberg Maritime. Upon successful completion of the new Demonstrator Project, VEEM would be one of only two suppliers globally for the T26 Global Combat Ship. The T26 is the reference ship design for the Hunter class frigate.
The purpose of the $1.7 million order – known as a ‘targeted task‘ is to enable VEEM to formally demonstrate it has the propeller manufacturing capability to deliver into the HCFP supply chain. VEEM is a world leader in premium commercial propellers and has delivered similar blades to defence clients globally.
Under the guidance of Kongsberg Maritime, one of the platform suppliers for the T26 Global Combat Ship, VEEM will manufacture two propeller blades and a hub.
VEEM Managing Director Mark Miocevich said success with this project could lead to the export of equipment for other naval shipbuilding programmes around the world, including other T26 programmes.
In the coming months, BAE Systems Australia is expected to issue a ‘request for proposal’ for the propeller and brake blade manufacture for the first batch of three Hunter class frigates. Contract award is anticipated in 2024/5.
VEEM is proud to be working towards qualification where we will be one of only two suppliers globally for the Hunter Class Frigate Programme,” Mr Miocevich said.
“We look forward to working with BAE Systems Australia and Kongsberg Maritime to meet the challenges of this next targeted task, with the goal of becoming a supplier for the Hunter Class Frigate Program and the Type 26 frigate programme globally.
“VEEM qualifying as a supplier will contribute significantly to maximising industrial capability in Australia. As a long- term supplier of components for submarines, surface ships and warships to the Royal Australian Navy and having supplied more than $200m worth of defence products since 1987, VEEM is committed to the supply of Australian- made propellers.”
