The contract establishes a flexible, rapid vehicle to acquire additively manufactured components for...


          
		  
          
            
            
            The contract establishes a flexible, rapid vehicle to acquire additively manufactured components for the nation's largest military logistics agency
,  /PRNewswire/ -- Velo3D, Inc. (NASDAQ: VELO), an industry leading metal additive manufacturing company has been awarded a $9.8 million, five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract supporting the Defense Logistics Agency's (DLA) Joint Additive Manufacturing Acceptability (JAMA) Pilot Parts Program, an initiative aimed at accelerating adoption of additively manufactured components across Department of War sustainment operations.
The contract establishes a flexible acquisition pathway enabling DLA to procure qualified additively manufactured components to support readiness requirements across the Army, Navy, Air Force, Marine Corps, and Space Force.
Under the award, Velo3D will deploy its industrial-scale Laser Powder Bed Fusion (LPBF) manufacturing capability and Rapid Production Solution (RPS) framework to produce complex metal components that have historically faced long lead times, diminished manufacturing sources, 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. "Through this contract, Velo3D worldclass technology is supporting DLA's efforts to expand qualified additive manufacturing capacity and transition advanced manufacturing technologies into operational sustainment environments."
The JAMA Pilot Parts Program seeks to establish repeatable technical qualifications and procurement pathways for additively manufactured spare and replacement parts. The initiative supports broader Department of War efforts to strengthen supply chain resilience, address obsolescence challenges in legacy systems, and enable faster delivery of mission-critical components to operational units.
Defense logistics leaders have increasingly identified additive manufacturing as a key enabler for distributed manufacturing, reduced inventory dependence, and improved readiness across geographically dispersed forces.
Velo3D's Rapid Production Solution integrates advanced additive manufacturing systems, application engineering expertise, and distributed production capacity designed to support manufacturing requirements ranging from initial part qualification through sustained production and surge demand scenarios.
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.
About Velo3D
Velo3D is a metal 3D printing technology company. 3D printing, also known as additive manufacturing (AM), has a unique ability to improve the way high-value metal parts are built. However, legacy metal AM has been greatly limited in its capabilities since its invention almost 30 years ago. This has prevented technology from being used to create the most valuable and impactful parts, restricting its use to specific niches where the limitations were acceptable.
Velo3D has overcome these limitations so engineers can design and print the parts they want. The company's solution unlocks a wide breadth of design freedom and enables customers in space exploration, aviation, power generation, energy, and semiconductors to innovate the future in their respective industries. Using Velo3D, these customers can now build mission-critical metal parts that were previously impossible to manufacture. The fully integrated solution includes the Flow print preparation software, the Sapphire® family of printers, and the Assure quality control system, all of which are powered by Velo3D's Intelligent Fusion® manufacturing process. The company delivered its first Sapphire system in 2018 and has been a strategic partner to innovators such as Honeywell, Honda, Chromalloy, and Lam Research. Velo3D has been named as one of Fast Company's Most Innovative Companies for 2024. For more information, please visit Velo3D.com, or follow the company on LinkedIn or X.
Forward-Looking Statements:
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. The Company's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect", "estimate", "project", "budget", "forecast", "anticipate", "intend", "plan", "may", "will", "could", "should", "believes", "predicts", "potential", "continue", and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding the timing, size and expected gross proceeds of the offering, the satisfaction of customary closing conditions related to the offering and sale of securities, the Company's ability to complete the offering, the timing of the Cash Payment and the Company's other expectations, hopes, beliefs, intentions, or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company's control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
VELO, VELO3D, SAPPHIRE and INTELLIGENT FUSION, are registered trademarks of Velo3D, Inc.; and WITHOUT COMPROMISE, FLOW and ASSURE are trademarks of Velo3D, Inc. All Rights Reserved © Velo3D, Inc.
All Rights Reserved © Velo3D, Inc.
SOURCE Velo3D, Inc.

          
        

VELO

Velo3D Awarded $9.8 Million Multi-year Department of War Contract Supporting the Defense Logistics Agency

Velo3D Secures Key $9.8M Defense Contract to Boost Additive Manufacturing

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>The contract establishes a flexible, rapid vehicle to acquire additively manufactured components for...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Velo3D has secured a $9.8 million contract with the Defense Logistics Agency, enabling rapid acquisition of additively manufactured components for military operations. This contract is expected to enhance supply chain resilience and operational readiness across various military branches, positioning Velo3D favorably within the additive manufacturing sector.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Velo3D awarded $9.8M contract by Defense Logistics Agency.</li><li>Contract accelerates additively manufactured components for military operations.</li><li>Velo3D&#039;s tech improves supply chain responsiveness and reduces risks.</li><li>Additive manufacturing enhances readiness across U.S. military branches.</li><li>Velo3D&#039;s printers are capable of producing larger components with high fidelity.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Honeywell (HON)</strong>: Partnering with Velo3D for innovative manufacturing solutions.</li><li><strong>Honda (HMC)</strong>: Collaboration may influence automotive manufacturing efficiencies.</li><li><strong>Chromalloy (N/A)</strong>: Utilizes Velo3D&#039;s technology for parts in aerospace applications.</li><li><strong>Lam Research (LRCX)</strong>: Involved in leveraging additive manufacturing in semiconductor production.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits into &#039;Corporate Developments&#039; as it relates to a significant government contract. Securing a contract with DLA indicates strong market potential and validates Velo3D&#039;s technology capabilities.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The $9.8M contract enhances VELO&#039;s revenue visibility and growth potential.</li><li>Increased military spending on advanced manufacturing could lead to additional contracts.</li><li>Additive manufacturing is gaining traction, potentially expanding VELO&#039;s market presence.</li><li>Investors may react positively to Velo3D&#039;s recognition within the defense sector.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Contract awarded is for $9.8 million over five years.</li><li>Focuses on DLA&#039;s Joint Additive Manufacturing Acceptability program.</li><li>Employs Velo3D&#039;s Laser Powder Bed Fusion and Rapid Production Solution.</li><li>Printers can produce parts up to 600mm in diameter and 1 meter tall.</li><li>Velo3D has been recognized as one of Fast Company&#039;s Most Innovative Companies for 2024.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Invest in VELO for a mid-term upside driven by defense contracts and technological advancements.</p>
  </section>
</section>


<article>
    <h2>Velo3D Secures $9.8 Million Defense Contract to Support DLA’s Additive Manufacturing Initiative</h2>
    <p><strong>Velo3D, Inc.</strong> (NASDAQ: VELO), a leader in metal additive manufacturing, has been awarded a substantial <strong>$9.8 million</strong> contract over five years, establishing an Indefinite Delivery Indefinite Quantity (IDIQ) agreement with the Defense Logistics Agency (DLA). This contract supports the DLA’s Joint Additive Manufacturing Acceptability (JAMA) Pilot Parts Program, which aims to accelerate the use of additively manufactured components within the Department of War’s sustainment operations.</p>

    <h3>Enhancing Military Readiness through Advanced Additive Manufacturing</h3>
    <p>The contract facilitates a flexible and rapid acquisition pathway for the DLA, enabling the procurement of qualified additively manufactured components essential for fulfilling readiness requirements across the <strong>Army</strong>, <strong>Navy</strong>, <strong>Air Force</strong>, <strong>Marine Corps</strong>, and <strong>Space Force</strong>. Velo3D will leverage its sophisticated Laser Powder Bed Fusion (LPBF) manufacturing capability and Rapid Production Solution (RPS) framework to produce complex metal components.</p>
    
    <h3>Significant Implications for Supply Chain Resilience</h3>
    <p>Dr. Arun Jeldi, the CEO of Velo3D, emphasized the transformative impact of additive manufacturing on military supply chains, stating, <em>"Additive manufacturing provides the Department of War with a powerful tool to improve supply chain responsiveness and reduce sustainment risk."</em> The contract allows Velo3D to assist the DLA in expanding its qualified additive manufacturing capacity and integrating advanced technologies into operational sustainment environments.</p>

    <h3>JAMA Pilot Parts Program Overview</h3>
    <p>The JAMA Pilot Parts Program focuses on establishing technical qualifications and procurement pathways for additively manufactured spare and replacement parts. This initiative is part of broader efforts by the Department of War to enhance supply chain resilience, tackle obsolescence in legacy systems, and ensure the timely delivery of mission-critical components to operational units.</p>

    <h3>Velo3D’s Cutting-Edge Manufacturing Solutions</h3>
    <ul>
        <li>Integration of advanced additive manufacturing systems</li>
        <li>Application engineering expertise to support diverse manufacturing needs</li>
        <li>Scalable production capabilities for surge demand scenarios</li>
    </ul>
    <p>All Velo3D Sapphire® printers are manufactured in the United States and are capable of producing parts up to <strong>600mm</strong> in diameter and <strong>one meter</strong> in height. This capability significantly enhances production options, allowing for the creation of larger parts while capitalizing on the advantages of LPBF technology, such as high fidelity printing and superior in-situ process monitoring.</p>

    <h3>About Velo3D and Its Market Impact</h3>
    <p>Velo3D is at the forefront of the 3D printing technology sector, revolutionizing the production of high-value metal parts through additive manufacturing. Since launching its first Sapphire system in 2018, the company has partnered with industry giants like <strong>Honeywell</strong>, <strong>Honda</strong>, and <strong>Lam Research</strong>. In recognition of its innovative contributions, Velo3D has been named one of Fast Company's Most Innovative Companies for 2024.</p>

    <h3>Forward-Looking Statements</h3>
    <p>This announcement may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1996. Actual results could differ materially from those anticipated due to various risks and uncertainties. Investors are encouraged to review Velo3D's SEC filings for additional information on potential risks.</p>
</article>

Velo3D has secured a $9.8 million contract with the Defense Logistics Agency, enabling rapid acquisition of additively manufactured components for military operations. This contract is expected to enhance supply chain resilience and operational readiness across various military branches, positioning Velo3D favorably within the additive manufacturing sector.

Velo3D Awarded $9.8 Million Multi-year Department of War Contract Supporting the Defense Logistics Agency

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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