Contract delivers essential system components for a sensitive national security program entering full-rate production
Velo3D, Inc. (NASDAQ: VELO), a leading additive manufacturing technology company for mission-critical metal components has been awarded a multi-year full rate production contract from a key U.S. defense contractor, valued at $11.5 million in support of a high-profile national security program.
“Velo3D is absolutely honored to continue supporting key industry partners delivering critical programs that strengthen our national security,” said Dr. Arun Jeldi, CEO of Velo3D. “This multi-year full rate production contract signals the trust and confidence our customers have in Velo3D to scale programs rapidly through faster part delivery, enhanced reliability and the surge capacity needed to meet evolving demands of their customers.”
The contract leverages Velo3D’s Rapid Production Solution (RPS) and industrial-scale Laser Powder Bed Fusion (LPBF) printing capability to produce high-performance, critical components quickly and at a lower cost than the same components produced using traditional subtractive manufacturing methods.
All Velo3D Sapphire® printers are assembled in the United States and capable of printing parts up to 600mm in diameter and one meter in height repeatably across the entire fleet of Velo3D Sapphire® printers. This advancement significantly expands addressable applications, enabling larger part production while offering the many benefits of LPBF technology, such as higher fidelity printing and Velo3D’s best in class layer-by-layer in-situ process monitoring.
