Velo3D wins $9.8 million Defense Logistics Agency contract

Velo3D, Inc. (NASDAQ: VELO) received a $9.8 million, five-year Indefinite Delivery Indefinite Quantity contract from the Defense Logistics Agency to support the Joint Additive Manufacturing Acceptability Pilot Parts Program, according to a company statement.

The contract allows the Defense Logistics Agency to procure additively manufactured components for the Army, Navy, Air Force, Marine Corps, and Space Force. Velo3D will use its Laser Powder Bed Fusion manufacturing capability and Rapid Production Solution framework to produce metal components that have faced long lead times or limited domestic supplier availability.

"Additive manufacturing provides the Department of War with a powerful tool to improve supply chain responsiveness and reduce sustainment risk," said Dr. Arun Jeldi, Chief Executive Officer of Velo3D.

The Joint Additive Manufacturing Acceptability Pilot Parts Program aims to establish technical qualifications and procurement pathways for additively manufactured spare and replacement parts. The initiative supports Department of War efforts to strengthen supply chain resilience and address obsolescence challenges in legacy systems.

Velo3D's Sapphire printers are assembled in the United States and can print parts up to 600mm in diameter and one meter in height. The company's integrated solution includes Flow print preparation software, Sapphire printers, and the Assure quality control system.

The Fremont, California-based metal additive manufacturing company serves customers in space exploration, aviation, power generation, energy, and semiconductors. Velo3D delivered its first Sapphire system in 2018 and has worked with companies including Honeywell, Honda, Chromalloy, and Lam Research.

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