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Velo3D (VELO) Awarded $9.8M Defense Logistics Agency Contract for Additive Manufacturing Program

Velo3D Inc. (NASDAQ:VELO) is one of the best performing NASDAQ stocks according to Wall Street analysts. On March 30, Velo3D was awarded a $9.8 million, 5-year contract to support the Defense Logistics Agency’s Joint Additive Manufacturing Acceptability/JAMA Pilot Parts Program. This agreement establishes a streamlined procurement pathway for the US military to acquire metal components produced through additive manufacturing.

The initiative aims to enhance supply chain responsiveness across the Army, Navy, Air Force, Marine Corps, and Space Force. Velo3D Inc. (NASDAQ:VELO) will use its Laser Powder Bed Fusion technology and Rapid Production Solution framework to manufacture complex metal parts. These efforts are specifically targeted at addressing long lead times, domestic supplier shortages, and the obsolescence of components in legacy military systems.

By establishing repeatable technical qualifications, the program seeks to integrate advanced manufacturing directly into operational sustainment. Velo3D’s Sapphire printers, which are assembled in the US, allow for the production of large-scale parts up to one meter in height. The technology includes specialized monitoring to ensure part quality and repeatability across its fleet.

Velo3D Inc. (NASDAQ:VELO) is a metal 3D printing technology company that enables the production of mission-critical parts previously considered impossible to manufacture.

While we acknowledge the risk and potential of VELO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VELO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 140 Metas
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  • 65 Microsofts
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