VEEM (ASX: VEE) Shares Surge Nearly 19% as Factory Expansion Fuels Growth Optimism
Jun 10, 2026
Proactive Equities Team
VEEM shares jumped nearly 19% after completing a major factory expansion. The advanced engineering company is growing its marine, defence, and gyrostabiliser businesses through new products, defence contracts, AUKUS-related opportunities, and increased manufacturing capacity to support future earnings growth.