Velo3D jumps after securing $32.6 mln contract with US Department of War

Shares of 3D printing tech firm Velo3D VELO.O up 22% at $13.21 premarket after co wins $32.6 mln U.S. Defense Innovation Unit contract

Deal supports Project FORGE, which addresses manufacturing bottlenecks in U.S. Department of War's major weapon system program

Co to prototype and qualify additively manufactured components using its Rapid Production Solution; agreement includes option to develop largest Laser Powder Bed Fusion printing capability in the U.S.

As of last close, VELO up 6.9% YTD