Velo3D Enters R&D Agreement with U.S. Army
Velo3D has entered into a Cooperative Research & Development Agreement with the U.S. Army DEVCOM Ground Vehicle Systems Center to rapidly develop and qualify additively manufactured complex parts and assemblies, addressing critical supply chain challenges affecting ground combat vehicles and other military systems. Upon successful completion and qualification of several prototype AM parts, the Velo3D AM alternatives will be available to the U.S. Army to insert into the supply chain.
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VELO Stock Surges More Than 5% Today – What’s Driving Investor Excitement Over Its New Defense Contract?
Stock Price Increase: Shares of Velo3D (VELO) rose over 5% after the company secured a $9.8 million five-year contract with the Department of War to support metal manufacturing for critical U.S. military components.
3D Printing Production: Under the agreement, Velo3D will utilize its advanced metal printing technology to produce complex components, addressing supply chain gaps.
Joint Additive Manufacturing Program: The contract is part of the Joint Additive Manufacturing Acceptability (JAMA) Pilot Parts Program, aimed at accelerating the adoption of 3D-printed components and establishing standardized processes.
Recent Contracts: This announcement follows a previous multi-year production agreement with a major U.S. defense contractor valued at $11.5 million.
VELO3D INC: JAMES SUVA SUCCEEDS BERNARD CHUNG AS CFO
- New Appointment: James Suvarep has been appointed as the new Chief Financial Officer, replacing Bernard Chung.
- Leadership Change: This transition marks a significant change in the financial leadership of the organization.
VELO3D INC NAMES JAMES SUVA AS CHIEF FINANCIAL OFFICER STARTING APRIL 6, 2026
Appointment Announcement: James Suva has been appointed as the Chief Financial Officer of Velodinc, effective April 6, 2026.
Role Significance: The appointment highlights Velodinc's commitment to strengthening its financial leadership and strategic direction.
VELO3D INC PROJECTS REVENUE OF $60 MILLION TO $70 MILLION FOR 2026
- Revenue Expectations: Velo3D anticipates revenue between $60 million and $70 million for the year 2026.
- Market Positioning: The company is positioning itself for growth in the additive manufacturing sector, focusing on advanced metal 3D printing technologies.
VELO Stock Surges Over 20% Following Major Debt Cut — Retail Investors Applaud Insider Trust
Debt Conversion: Velo 3D's CEO and a director converted significant debt into equity, reducing the company's outstanding debt by 60% to approximately $10 million, while shares were trading around $14.50.
Market Reaction: Following the debt conversion, Velo's stock saw a notable increase of over 20%, reflecting positive retail investor sentiment and confidence in the company's future.
CEO's Investment: Dr. Arjun Jeldi, the CEO, purchased a $5 million promissory note and converted it into common stock at a premium price of $16.38 per share, indicating strong belief in the company's long-term value.
Stock Performance: Velo's stock has gained over 408% in the past year, while the 3D Printing ETF has increased by about 7.5%, showcasing a robust performance in the sector.
VELO3D INC - DEBT CUT BY 60% TO APPROXIMATELY $10 MILLION
- Debt Reduction: Velo3D has successfully reduced its outstanding debt by 60%.
- Current Debt Amount: The company's remaining debt is approximately $10 million.
VELO Stock Surges More Than 5% Today – What’s Driving Investor Excitement Over Its New Defense Contract?
Stock Price Increase: Shares of Velo3D (VELO) rose over 5% after the company secured a $9.8 million five-year contract with the Department of War to support metal manufacturing for critical U.S. military components.
3D Printing Production: Under the agreement, Velo3D will utilize its advanced metal printing technology to produce complex components, addressing supply chain gaps.
Joint Additive Manufacturing Program: The contract is part of the Joint Additive Manufacturing Acceptability (JAMA) Pilot Parts Program, aimed at accelerating the adoption of 3D-printed components and establishing standardized processes.
Recent Contracts: This announcement follows a previous multi-year production agreement with a major U.S. defense contractor valued at $11.5 million.
VELO3D INC: JAMES SUVA SUCCEEDS BERNARD CHUNG AS CFO
- New Appointment: James Suvarep has been appointed as the new Chief Financial Officer, replacing Bernard Chung.
- Leadership Change: This transition marks a significant change in the financial leadership of the organization.
VELO3D INC NAMES JAMES SUVA AS CHIEF FINANCIAL OFFICER STARTING APRIL 6, 2026
Appointment Announcement: James Suva has been appointed as the Chief Financial Officer of Velodinc, effective April 6, 2026.
Role Significance: The appointment highlights Velodinc's commitment to strengthening its financial leadership and strategic direction.
VELO3D INC PROJECTS REVENUE OF $60 MILLION TO $70 MILLION FOR 2026
- Revenue Expectations: Velo3D anticipates revenue between $60 million and $70 million for the year 2026.
- Market Positioning: The company is positioning itself for growth in the additive manufacturing sector, focusing on advanced metal 3D printing technologies.
VELO Stock Surges Over 20% Following Major Debt Cut — Retail Investors Applaud Insider Trust
Debt Conversion: Velo 3D's CEO and a director converted significant debt into equity, reducing the company's outstanding debt by 60% to approximately $10 million, while shares were trading around $14.50.
Market Reaction: Following the debt conversion, Velo's stock saw a notable increase of over 20%, reflecting positive retail investor sentiment and confidence in the company's future.
CEO's Investment: Dr. Arjun Jeldi, the CEO, purchased a $5 million promissory note and converted it into common stock at a premium price of $16.38 per share, indicating strong belief in the company's long-term value.
Stock Performance: Velo's stock has gained over 408% in the past year, while the 3D Printing ETF has increased by about 7.5%, showcasing a robust performance in the sector.
VELO3D INC - DEBT CUT BY 60% TO APPROXIMATELY $10 MILLION
- Debt Reduction: Velo3D has successfully reduced its outstanding debt by 60%.
- Current Debt Amount: The company's remaining debt is approximately $10 million.
