Vheed is the manufacturing capital for Khaos Weaponry, the planet itself currently has no native sentients.
The planet is very barren and has very little natural vegetation (The Khaos Company stocks the planet with genetically altered plants to keep the environment balanced). The planet's crust contains many exotic minerals and compounds, many of which can be used in weapons and armor. The planet's mantle also contains a slew of precious minerals, many of which have a high market price, leading to the success of Khaos Weaponry.
Khaos Weaponry has a record of keeping occupied planets environmentally stable. Vheed, however, showed significant environmental decay when first occupied. This was due to native sentient life, now extinct by their own hands.