RTX Collaborates with Velo3D on US Army's Additive Manufacturing Program, Shares Rise

Velo3D and RTX Corporation are collaborating on the US Army's additive manufacturing program. RTX Corporation is a leading aeronautics and defense group, with a focus on aeronautics, missile systems, and aerial navigation systems. The collaboration aims to utilize Velo3D's additive manufacturing technology to enhance the US Army's production capabilities. Shares of Velo3D rose following the announcement of the collaboration.

Velo3D, Inc. (Nasdaq: VELO) and RTX Corporation have announced a strategic collaboration with the US Army to advance high-throughput additive manufacturing for Aluminum CP1. This initiative is part of a U.S. Army Combat Capabilities Development Command Aviation & Missile Center (DEVCOM AvMC) and Manufacturing & Sustainment (M&S) program, funded to support defense applications.

Velo3D's participation in the program leverages its large-format additive manufacturing technology to develop a repeatable process for Aluminum CP1, crucial for the U.S. Army's Integrated Air and Missile Defense (IAMD) modernization priorities. The collaboration aims to enhance system agility, affordability, and operational readiness.

"Velo3D's metal AM platform was selected by DEVCOM AvMC and M&S for its differentiated capabilities that overcome traditional constraints of legacy L-PBF systems," said Dr. Arun Jeldi, CEO of Velo3D. The company's integrated software and hardware platform, including factory tool matching, in-situ monitoring, standardized process parameters, and centralized data systems, ensures consistent and repeatable outcomes across machines and sites.

RTX Corporation, a leading aeronautics and defense group, is also collaborating on the project. "Additive manufacturing is pivotal to building a resilient and agile defense supply chain," said Lee Barber, Raytheon Additive Manufacturing Materials Lead, RTX. "This collaboration brings together government and industry to establish a scalable and repeatable process for Aluminum CP1 production."

The initiative also aims to establish an Installation and Operational Qualification (IQ/OQ) framework, replacing traditional point-qualification methods. This will support a distributed manufacturing model across the Department of Defense and its supplier ecosystem.

The collaboration reflects the Army's focus on strengthening the domestic industrial base through mission-aligned partnerships. Following the announcement, shares of Velo3D rose, indicating investor confidence in the company's strategic initiatives.

References:
[1] https://www.prnewswire.com/news-releases/velo3d-participates-in-us-army-avmc-and-ms-program-funded-initiative-to-advance-high-throughput-aluminum-cp1-additive-manufacturing-for-defense-applications-in-collaboration-with-rtx-and-raytheon-technologies-research-center-302537238.html