Velo3D has been awarded a multi-year full-rate production contract from a key U.S. defence contractor, valued at 11.5 million USD in support of a high-profile national security program.
The contractor will leverage Velo3D's Rapid Production Solution (RPS) and industrial-scale Laser Powder Bed Fusion (LPBF) printing capability to produce high-performance, critical components.
It hopes to save time and money through the additive manufacturing of components previously produced using traditional subtractive manufacturing methods.
"Velo3D is absolutely honoured 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."
Last week, the US Army GVSC qualified Velo3D to support AM integration into Defense Industrial Base supply chain, just weeks after a Cooperative Research & Development Agreement (CRADA) with the U.S. Army DEVCOM GVSC had been announced.
