Velo3D Secures $9.8 Million U.S. Defense Contract for Additive Manufacturing

Key Facts

1Velo3D was awarded a $9.8 million, five-year contract from the U.S. Department of War.

2The contract supports the Defense Logistics Agency's (DLA) JAMA Pilot Parts Program to accelerate additive manufacturing adoption.

3The contract is an Indefinite Delivery Indefinite Quantity (IDIQ) agreement.

Velo3D, Inc. (NASDAQ: VELO) has been awarded a $9.8 million, five-year contract from the U.S. Department of Defense to bolster military supply chains. The agreement is structured as an Indefinite Delivery Indefinite Quantity (IDIQ) contract aimed at supporting the Defense Logistics Agency’s (DLA) JAMA Pilot Parts Program. This initiative focuses on accelerating the adoption of additive manufacturing for critical military components. Velo3D will provide advanced metal 3D-printed parts to modernize sustainment operations and improve overall readiness. This multi-year deal provides a stable revenue stream and serves as a significant technological validation for the company. By securing this contract, Velo3D strengthens its position as a key provider of high-end manufacturing solutions for the defense sector.