The ASX listed stock mentioned below seems to be well tuned in to what is happening with the US Navy. I wonder if A3D know what is going on? A3D is an entrepreneurial company isn't it? See below.
US Navy Now Demanding 3D Printed Parts, Or Else…
“If you are a supplier, and your lead time is too long, and you refuse to work with us” on 3D printing alternative spare parts, “we're going to figure it out. Not a threat - a fact of life.” US Navy Rear Adm. Jon Rucker.
The US Navy is now officially demanding that their parts suppliers use metal 3D printing technology.
And US defence spending just keeps going up. US organization Blue Forge Alliance has one job. To modernize the US Navy's supply chain and industrial base. (Including adoption of 3D printing)
And they just just received US$951M from the US Department of Defence to do it.
Our 2024 Tech Pick of the Year AML3D (ASX: AL3) has a Master Licensing Agreement in place with BlueForge to 3D print parts for the US Navy. AL3 said today that they have been “guided to expect significant growth in US demand following the award” of this US $951M contract to Blue Forge Alliance. So AL3 just raised $30M to more than double the original capacity of their new USA facility - which is expected to open in the coming weeks AND also to expand into the UK and Europe as well.
Meanwhile, there's a new US President about to move into the White House - and his “First Buddy” Elon Musk wants to radically reshape defence spending and efficiency.
The tech tycoon has said US defence spending needs to be allocated to "entrepreneurial companies” over the traditional US defence juggernauts.
A3D Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
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