Mentioned:
The United States Army is taking a chance on something new: 3D printing. And they’re partnering up with a publicly traded company to do it.
What’s happening:
- Velo3D (NASDAQ: VELO) has entered into a new deal with the United States Army DEVCOM Ground Vehicle Systems Centre to develop 3D printed metal parts for ground combat vehicles
Why it matters:
- Velo3D has publicly stated the new 3D printed materials will be produced completely in America and is part of the United States Army’s effort to strengthen their domestic supply chain for ground combat vehicles
Going deeper:
- Velo3D will use their Rapid Production Solution technology and Sapphire printer to prototype and manufacture the new parts for the United States Army
- Velo3D just recently made waves when they won a $32.6M USD contract from the United States Department of War to leverage advanced addictive manufacturing for a large Cale munitions weapon system program
