Velo3D Earns U.S. Army Qualification to Print Aluminum, Inconel Parts
Velo3D was named first qualified 3D-printing vendor for the U.S. Army Ground Vehicle Systems Center, meeting all criteria in under two weeks to produce Aluminum CP1 and Inconel 718 parts on its Sapphire printers. The Cooperative R&D Agreement could expand demand for its additive manufacturing platform in Army vehicle production.
1. Army Qualification Award
Velo3D was selected as the first qualified 3D-printing vendor for the U.S. Army Ground Vehicle Systems Center after demonstrating rapid compliance with all technical and quality requirements in under two weeks.
2. Cooperative R&D Agreement
Under the Cooperative Research & Development Agreement, Velo3D will develop and validate complex metal components and assemblies for ground combat vehicles using its U.S.-built Sapphire printers, focusing on Aluminum CP1 and Inconel 718.
3. Stock Market Reaction
Shares of Velo3D climbed 8.45% on the qualification announcement, pushing the stock above its 50-day moving average while it remains slightly below its 20-day average, signaling mixed short-term momentum.
4. Future Defense Demand
The Army qualification opens the door for follow-on contracts and broader adoption of additive manufacturing in ground vehicle production, potentially driving significant growth in defense-related orders.