A Velo3D Sapphire XC 3D printer. Photo: Velo3D

Momentus has a new agreement with Velo3D to leverage the company’s additive manufacturing to produce space system components. According to Velo3D, the master services agreement announced Monday is worth $15 million over five years. 

Velo3D will provide consulting and parts production through Velo3D’s new Rapid Production Solutions (RPS) offering. In exchange, Momentus issued a combination of common stock and convertible preferred stock for services that will be delivered over a five-year period.

According to a Momentus 10-K filing, the company secured capacity on two VLD Sapphire XC 3D metal printers or comparable printers. 

Momentus plans to use the components in its Orbital Service Vehicles, and other space systems and sell critical components to customers in the space industry in a new revenue stream. The company said additive manufacturing will allow it to optimize spacecraft design for lighter, stronger spacecraft, and reduce production costs. 

“We’re pleased to be partnering with Velo3D to leverage the power of advanced manufacturing, to continue to improve the capabilities of our satellites and space systems and aiming to make our low-cost products and services even more cost-competitive,” said Momentus’ CEO John Rood. “We are also excited about the ability to expand our product offerings to create new revenue streams through sales of space system components that are 3D printed.”