Velo3D shares are trading higher after the company announced that Bechtel Plant Machinery selected Velo3D's fully integrated metal additive manufacturing solution to produce parts for the U.S. Naval Nuclear Propulsion Program.
Portfolio Pulse from Benzinga Newsdesk
Velo3D's stock price increased following the announcement that Bechtel Plant Machinery has chosen Velo3D's metal additive manufacturing solution for parts production in the U.S. Naval Nuclear Propulsion Program.
March 07, 2024 | 5:31 pm
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POSITIVE IMPACT
Velo3D's partnership with Bechtel Plant Machinery for the U.S. Naval Nuclear Propulsion Program is expected to positively impact VLD's stock price in the short term.
The announcement of Velo3D's partnership with Bechtel Plant Machinery for a critical defense project not only showcases the company's technological capabilities but also potentially opens doors for future contracts and collaborations. This positive development is likely to boost investor confidence and drive up VLD's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90