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3D printing company Sigma Labs (SGLB) surges higher on big agreement

Big 3D printing company Sigma Labs (SGLB) surged over 165% today after it announced an agreement with big defense contractor Lockheed Martin (LMT).

Sigma Labs has been awarded a contract for an initial system of its PrintRite3D in-process quality assurance solution by Lockheed Martin Space Additive Design & Manufacturing Center based in Sunnyvale, California.

The Additive Design & Manufacturing Center supports the entire Space portfolio and integrates key materials research and manufacturing processes to streamline the affordable delivery of satellite components.

As part of the agreement, the Lockheed Martin team will assess the viability and performance of the PrintRite3D technology for Lockheed’s space division for use in a variety of space defense programs.

After review of our needs and potential solutions, we selected the Sigma PrintRite3D system because of its robust analysis capabilities, quality assurance solutions, data capture technology, and scalability across various OEM 3D printing platforms, assurance of print quality and repeatability is essential to the critical missions that we support.

Kristi Farley – Vice president, space & missile engineering @ lockheed martin space