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Velo3D secures $32.6M defense contract to resolve weapon production bottlenecks

Velo3D (NASDAQ:VELO) has secured an Other Transaction Agreement worth $32.6 million with the U.S. Department of War's Defense Innovation Unit to support Project FORGE, aimed at eliminating production bottlenecks for a major weapon system program.

Leia mais: Velo3D secures $32.6M defense contract to resolve weapon production bottlenecks
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Stanley Black & Decker sells aerospace unit to Howmet for $1.8B

Stanley Black & Decker (NYSE:SWK) has reached an agreement to sell its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace for $1.8 billion in cash.

The sale is part of Stanley Black & Decker’s strategic efforts to streamline its operations and reduce debt.

Leia mais: Stanley Black & Decker sells aerospace unit to Howmet for $1.8B