Velo3D stock soars after participating in U.S. Army funded initiative

Investing.com -- Velo3D, Inc. (NASDAQ:VELO) stock surged 31% after the company announced its participation in a U.S. Army-funded initiative to advance high-throughput aluminum manufacturing for defense applications.

The additive manufacturing technology company is collaborating with RTX and the Raytheon Technologies Research Center to develop an optimized laser powder bed fusion process for Aluminum CP1. This effort supports the U.S. Army’s Integrated Air and Missile Defense modernization priorities, including system agility, affordability, and operational readiness.

The initiative, funded by the U.S. Army Combat Capabilities Development Command Aviation & Missile Center and Manufacturing & Sustainment program, selected Velo3D’s metal additive manufacturing platform for its differentiated capabilities.

"Velo3D’s metal AM platform was selected by (DEVCOM) AvMC and M&S for its differentiated capabilities that overcome the traditional constraints of legacy L-PBF systems," said Dr. Arun Jeldi, CEO of Velo3D. "Through a fully integrated software and hardware platform that includes factory tool matching, in-situ monitoring, standardized process parameters, and centralized data systems, we enable consistent and repeatable outcomes across machines and sites."

The project aims to establish an Installation and Operational Qualification framework to replace traditional point-qualification methods, helping to lay the foundation for a distributed manufacturing model across the Department of Defense and its supplier ecosystem.

Lee Barber, Raytheon Additive Manufacturing Materials Lead at RTX, emphasized that "additive manufacturing is pivotal to building a resilient and agile defense supply chain."

The collaboration reflects the Army’s focus on strengthening the domestic industrial base through partnerships that accelerate advanced manufacturing capabilities in support of warfighter needs.

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