Kratos Defense & Security Solutions To Leverage The Most Advanced Metal Additive Manufacturing Solution Available With The Purchase Of A Velo3D Sapphire Printer
Portfolio Pulse from Benzinga Newsdesk
Kratos Defense & Security Solutions, Inc. (KTOS) has purchased a Velo3D Sapphire printer to enhance its technology development and supply chain efficiency. The printer will be used by Kratos SRE, a subsidiary of KTOS, to produce metal parts rapidly and cost-effectively, supporting the defense industry's evolving needs. Kratos SRE has previously used Velo3D's solutions through its Contract Manufacturer Network. Velo3D, Inc. (VLD) is recognized for its metal additive manufacturing technology, which is now STIG compliant, allowing connection to the DoD's SIPRNet. Both companies will attend the Military Additive Manufacturing Summit in Tampa, where Velo3D will present.
January 16, 2024 | 2:11 pm
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POSITIVE IMPACT
Kratos Defense & Security Solutions, Inc. has acquired a Velo3D Sapphire printer to improve its supply chain and production capabilities for the defense industry.
The acquisition of the Velo3D Sapphire printer is likely to have a positive impact on Kratos's stock in the short term as it demonstrates the company's commitment to enhancing its manufacturing capabilities and supply chain efficiency. This could be perceived positively by investors who value technological advancement and cost-effective production in the defense sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Velo3D, Inc. has sold a Sapphire printer to Kratos SRE and achieved STIG compliance, allowing its printers to connect to the DoD's SIPRNet, potentially increasing its market share in the defense sector.
Velo3D's sale of a Sapphire printer to Kratos and its recent STIG compliance certification are likely to have a positive short-term impact on VLD's stock. The compliance certification, in particular, opens up new opportunities for Velo3D within the defense sector, which could lead to increased sales and a stronger market position.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70