Velo3D wins $32.6M defense contract, cuts FY2025 revenue guidance to $45-55M due to government shutdown

Velo3D, Inc.

Signed $32.6M OTA contract with DoW Defense Innovation Unit for Project FORGE to resolve manufacturing bottleneck for critical weapon system.
Revised FY2025 revenue guidance to $45-55M, down from prior range (not disclosed), citing Q4 government shutdown delays.
Contract includes option to develop largest-format LPBF printer in U.S. via Velo3D's Rapid Production Solution.
Velo3D to work with DIU, U.S. Navy, and industry prime to prototype and qualify additively manufactured components.
CEO Arun Jeldi highlights Velo3D as only U.S.-based industrial-scale OEM with domestically developed LPBF technology.

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