Business
Velo3D Secures Department of War Contract Valued at $32.6M to Eliminate Critical Defense Manufacturing Bottleneck
Velo3D, Inc. (NASDAQ: VELO), a leading additive manufacturing technology company for mission-critical metal parts has entered into an Other Transition Agreement (OTA) contract with the U.S. Department of War's (DoW) Defense Innovation Unit (DIU) in support of a major weapon system program of record. The contract, with a total value of $32.6 million, supports DIU's Foundry for Operational Readiness and Global Effects or "Project FORGE."
About this update from Velo3d, Inc.
[{"type":"text","content":"Award supports DIU's Project FORGE to accelerate production of a critical munitions program through advanced additive manufacturing","length":135,"tagName":"p"},{"type":"text","content":"FREMONT, Calif., Dec. 22, 2025 /PRNewswire/ -- Velo3D, Inc. (NASDAQ: VELO), a leading additive manufacturing technology company for mission-critical metal parts has entered into an Other Transition Agreement (OTA) contract with the U.S. Department of War's (DoW) Defense Innovation Unit (DIU) in support of a major weapon system program of record. The contract, with a total value of $32.6 million, supports DIU's Foundry for Operational Readiness and Global Effects or "Project FORGE."","length":509,"tagName":"p"},{"type":"image","alt":"Velo3D Logo (PRNewsfoto/Velo3D, Inc.)","displaySize":"","headline":null,"caption":"Velo3D Logo (PRNewsfoto/Velo3D, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":65,"url":"https://media.zenfs.com/en/prnewswire.com/7920dc54fe7d3be6fb2863efb6411449"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PCb6xp3WcXHxKKuOVsrnDA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTExNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/7920dc54fe7d3be6fb2863efb6411449","width":400,"height":65}},"href":"https://mma.prnewswire.com/media/2597185/Velo3D_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Project FORGE is charged with identifying solutions to the current problem of major manufacturing bottlenecks for certain traditionally manufactured parts and platforms within the U.S. defense industrial base. These production bottlenecks prevent the throughput necessary to scale a critical DoW weapon system program. Velo3D will work with DIU, the U.S. Navy and a key industry prime to prototype and qualify additively manufactured (AM) components that will allow the DoW to efficiently scale the AM solution to remove the bottleneck and increase production rates for this critical program.","length":592,"tagName":"p"},{"type":"text","content":""We are excited for the collaboration between DIU and industry partners like Velo3D to develop and qualify the AM solution needed to resolve a critical production backlog," said Mr. Derek McBride, Program Manager, DIU. "The combination of DIU's expertise in rapidly responding to some of the DoW...