Velo3D Stock Surges on Defense Sector Collaboration
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BTCCSquare news:
Velo3D shares climbed 2.5% following its inclusion in a U.S. Army-funded manufacturing initiative with defense giants RTX and Raytheon. The project focuses on advancing aluminum additive manufacturing for missile defense systems, signaling growing institutional adoption of next-generation production techniques.
The company's recent $17.5 million public offering and Nasdaq relisting demonstrate renewed market confidence. This defense sector alignment positions Velo3D as a key player in supply chain modernization, with its metal 3D printing technology now vetted for critical military applications.
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