Velo3D (VELO) Awarded $9.8M Defense Logistics Agency Contract for Additive Manufacturing Program

The inaugural aims to heighten proviso concatenation responsiveness crossed the Army, Navy, Air Force, Marine Corps, and Space Force. Velo3D Inc. (NASDAQ:VELO) volition usage its Laser Powder Bed Fusion exertion and Rapid Production Solution model to manufacture analyzable metallic parts. These efforts are specifically targeted astatine addressing agelong pb times, home supplier shortages, and the obsolescence of components successful bequest subject systems.

By establishing repeatable method qualifications, the programme seeks to integrate precocious manufacturing straight into operational sustainment. Velo3D’s Sapphire printers, which are assembled successful the US, let for the accumulation of large-scale parts up to 1 metre successful height. The exertion includes specialized monitoring to guarantee portion prime and repeatability crossed its fleet.

Velo3D Inc. (NASDAQ:VELO) is simply a metallic 3D printing exertion institution that enables the accumulation of mission-critical parts antecedently considered intolerable to manufacture.

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