VEEM Limited announced that it has received an initial order from ASC for $3 million in relation to the next full cycle docking for the Collins Class maintenance program. This initial order for the next submarine refit follows a long history of work successfully completed by VEEM for ASC and highlights VEEM's ability to consistently deliver highly-specialised engineering that meets the stringent standards required for defence contracts. The initial order reflects a sophisticated scheduling approach to the next full cycling docking taking into account COVID considerations for long lead time items and forecasted changes in metals pricing. This provides ASC with certainty around future timing and pricing while allowing VEEM to plan future production and supply chain commitments. The full contract is expected to be worth in the order of $9 million, similar to the current contract being delivered. Orders on suppliers will be placed immediately by VEEM with work commencing in the next financial year with deliveries expected to commence around July 2022.