Desktop Metal and Concurrent Technologies Corporation to Advance 3D Printed Sand-Casting Mold Technology through DLA Contract Worth a Potential $15 Million
The Defense Logistics Agency (DLA) has awarded Concurrent Technologies Corporation (CTC) a prime contract worth a potential $15 million to demonstrate the practicality of producing obsolete critical castings through 3D printed sand-casting mold technology.
- The Defense Logistics Agency (DLA) has awarded Concurrent Technologies Corporation (CTC) a prime contract worth a potential $15 million to demonstrate the practicality of producing obsolete critical castings through 3D printed sand-casting mold technology.
- In addition, the project will further develop the science and technology of 3D printed sand-casting molds.
- CTC will work with subcontractor ExOne, a subsidiary of Desktop Metal (NYSE: DM), as well as the University of Northern Iowa, DLA, and metal casting foundries on the project.
- View the full release here: https://www.businesswire.com/news/home/20220602006029/en/
The base year of the contract is worth $4.6 million; four one-year options, if all are exercised, would bring the total value of this effort to a potential $15 million.