Funding
1 min read
Velo3D has secured an 11.5 million dollar multi-year full-rate production contract from a major U.S.
Velo3D, Inc.
Hardware
Originally reported by ng.investing.com
Velo3D has secured an 11.5 million dollar multi-year full-rate production contract from a major U.S. defense contractor to support high-profile national security programs. This milestone marks a significant shift from prototyping to industrial-scale production for mission-critical metal components using Sapphire printers and the Assure quality system. By achieving 59.4 percent annual revenue growth, Velo3D is effectively addressing systemic manufacturing bottlenecks. This deal reinforces the strategic move toward reshoring critical parts production. #Velo3D #AdditiveManufacturing #DefenseTech #Metal3DPrinting #NationalSecurity