Stratasys Wins $7.8M DoD Funding to Scale Additive Manufacturing Quality
SSYS sits 21% above its 52-week low of $7.34.
Summary
Stratasys secured $7.8 million from America Makes and the Department of War to develop in-situ quality monitoring for its F3300 and F900 industrial 3D printers. The 24-month project, funded through 2026, aims to reduce reliance on costly post-build inspection, a key barrier to scaling additive manufacturing in defense and aerospace. This follows the May acquisition of Markforged, reinforcing Stratasys's push into defense production. The funding validates the technology's role in modernizing the defense industrial base and could accelerate adoption among prime contractors.
At the time of this announcement, SSYS was trading at $8.90 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $763.5M. The 52-week trading range was $7.34 to $12.81. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.