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Why Is Velo3D Stock Skyrocketing Tuesday? - Velo3D (NASDAQ:VELO)
Benzinga· 2026-02-04 02:09
Velo3D Inc. (NASDAQ:VELO) stock jumped on Tuesday after its strategic manufacturing partner, Mears Machine Corporation, announced a major defense contract win.Mears Machine Corporation revealed on Monday that it secured a long-term supply agreement with a major U.S. defense original equipment manufacturer to manufacture critical hardware for existing products and a new airframe platform. The 10-year agreement establishes Mears Machine as a strategic production supplier.The contract is expected to generate a ...