Australian-based company, VEEM Ltd, specializes in manufacturing and selling propulsion and stabilization systems. Their products range from gyrostabilizers, CNC machined monobloc propellers, submarine components, and marine ride control fins, as well as bespoke engineered products and services. The company was founded in 1968 and has its headquarters located in Canning Vale. VEEM Ltd is a subsidiary of Veem Corporation Pty Ltd and caters to customers in the marine, defense, and mining industries.