Velo3D shares were 19% higher, at $12.89, in premarket trading.

By Chris Wack Velo3D shares were 19% higher, at $12.89, in premarket trading after the company said it has entered into an other transition agreement contract with the Defense Department's Defense Innovation Unit in support of a major weapon system program of record. The manufacturing technology company said the contract, with a total value of $32.6 million, supports DIU's Foundry for Operational Readiness and Global Effects, or Project FORGE. The company said the 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 said it will work with DIU, the U.S. Navy and a key industry prime to prototype and qualify additively manufactured components that will allow them to efficiently scale the additively manufactured solution to remove the bottleneck and increase production rates for the program. Write to Chris Wack at [email protected] (END) Dow Jones Newswires 12-22-25 0747ET

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