Core Insights - Velo3D has secured an $11.5 million multi-year full rate production contract from a key U.S. defense contractor to support a national security program [1] - The contract highlights Velo3D's capabilities in additive manufacturing, specifically using its Rapid Production Solution (RPS) and Laser Powder Bed Fusion (LPBF) technology [1] - Velo3D's printers can produce high-performance components quickly and at a lower cost compared to traditional manufacturing methods [1] Company Overview - Velo3D specializes in additive manufacturing technology for mission-critical metal components, overcoming limitations of legacy metal AM technology [1] - The company provides a fully integrated solution that includes Flow print preparation software, Sapphire® printers, and Assure quality control system, powered by Intelligent Fusion® manufacturing process [1] - Velo3D has been recognized as one of Fast Company's Most Innovative Companies for 2024 [1] Contract Details - The contract is aimed at delivering essential system components for a sensitive national security program entering full-rate production [1] - Velo3D's Sapphire® printers are capable of printing parts up to 600mm in diameter and one meter in height, significantly expanding production capabilities [1] - The contract reflects the trust and confidence that customers have in Velo3D to meet evolving demands through faster part delivery and enhanced reliability [1]