Velo3D Stock Climbs Following Entry into Government-Industry Defense Data Program

Velo3D Inc (NASDAQ: VELO) shares rose 11.01% to $11.09 following the company's announcement of its entry into the Government-Industry Data Exchange Program (GIDEP). This program enhances Velo3D's access to a centralized database for quality control and supply chain risk mitigation in defense manufacturing. CEO Arun Jeldi stated that GIDEP membership will support their initiatives in producing complex metal components for U.S. government applications.