Velo3D (VELO) Awarded $9.8M Defense Logistics Agency Contract for Additive Manufacturing Program
· Source: insidermonkey.com
In short
Velo3D secured a $9.8 million, 5-year contract with the Defense Logistics Agency to support the Joint Additive Manufacturing Acceptability/JAMA Pilot Parts Program. The initiative aims to improve military supply chain responsiveness by using metal additive manufacturing to address long lead times, supplier shortages, and parts obsolescence in legacy systems. Velo3D will employ its Laser Powder Bed Fusion technology and Sapphire printers to produce complex metal components for all US military branches.
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Tags: additive manufacturing, defense, supply chain, military, logistics, 3D printing