3D Systems Announces Major Milestones in Saudi Arabian Growth Initiative

Rhea-AI Summary

3D Systems (NYSE: DDD) announced major milestones for its Saudi joint venture NAMI on Oct 27, 2025. NAMI, established in 2022 to support Saudi Vision 2030, secured three commercial advances: Saudi Electric Company agreed to subscribe to a 30% stake in NAMI to localize spare parts and digital warehousing; Modern Isotopes Factory signed a 5-year, $26 million framework to manufacture up to 2,000 tungsten NDT components; and Lockheed Martin will collaborate with NAMI to qualify and produce critical aerospace and defense parts in Saudi Arabia for international markets. 3D Systems will supply Direct Metal Printing technology and application support.

Positive

• SEC investment: 30% stake in NAMI
• MIF framework: $26 million over 5 years for up to 2,000 tungsten parts
• Lockheed Martin collaboration: qualify and manufacture defense/aerospace parts in Saudi Arabia
• NAMI origin: established 2022 to support Saudi Vision 2030

Negative

• None.

Insights

Strategic partnerships and commercialization expert

NAMI secures strategic capital and commercial agreements that materially expand production and localization in Saudi Arabia.

The 30% subscription by Saudi Electric Company strengthens NAMI's capital base and ties the joint venture to the Kingdom's largest power producer. This stake aims to reduce spare-parts costs, speed supply timelines, and enable digital warehousing, which supports localized manufacturing and recurring service opportunities for 3D Systems' technology.

Dependencies and risks include the pace of integration with SEC workflows and workforce development commitments. The agreement's commercial benefit depends on successful operational rollout and scale-up of additive production in energy applications rather than on assumptions about broader market adoption.

Watch the implementation timeline, production ramp metrics, and any disclosed commercial volumes or purchase commitments over the next 12–24 months.

Aerospace, defense, and industrial manufacturing expert

Collaborations with Lockheed Martin and a $26M framework expand NAMI into defense and critical industrial components.

Lockheed Martin's collaboration targets qualification and additive manufacture of military and aerospace components in Saudi Arabia for international markets, positioning NAMI to supply certified parts using 3D Systems' DMP technology. The $26 million five-year framework with Modern Isotopes Factory (MIF) covers up to 2,000 tungsten components for NDT devices, replacing depleted-uranium parts and aligning with localization goals.

Key dependencies include successful part qualification, export controls, and meeting aerospace/defense certification standards. Monitor qualification milestones, contract award schedules, and the five-year delivery cadence to assess near-term revenue recognition and capacity demands.

• NAMI, the 3D Systems–Dussur joint venture, reached critical milestones in deploying advanced 3D printing across Saudi Arabia’s energy and defense sectors
• Saudi Electric Company, the Middle East’s largest electricity producer, signed an agreement to make a strategic investment in NAMI, acquiring 30% stake in expanded joint venture
• Lockheed Martin entered into collaboration with NAMI to qualify and manufacture critical military and aerospace components in Saudi Arabia for use in international markets
• NAMI awarded 5-year $26 Million Framework Agreement with Modern Isotope Factory (MIF) for the manufacture of tungsten nuclear projector parts used for inspection of critical infrastructure

ROCK HILL, S.C., Oct. 27, 2025 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE: DDD) and the Saudi Arabian Industrial Investments Company (Dussur) owned by the Public Investment Fund, Saudi Aramco, and SABIC, established the National Additive Manufacturing Innovation Company (NAMI) in 2022 to help enable Saudi Arabia’s Vision 2030 Program. NAMI brings world class metal and polymer 3D printing and application expertise to the Kingdom with the support of 3D Systems’ advanced hardware solutions, materials and applications. With Saudi Arabia ranking as one of the world’s largest defense spenders and energy producers, serving these sectors are central to NAMI’s mission. Reflecting progress in these markets, NAMI recently reached three major milestones.

• Energy Production and Distribution: Saudi Electric Company (SEC), the Middle East’s largest power producer, has signed an agreement to subscribe to a 30% stake in NAMI to reduce costs for high-demand spare parts, accelerate production and supply timelines, and advance digital warehousing. This partnership strengthens NAMI while deepening collaboration with SEC to establish new workflows that accelerate the adoption of 3D printing for critical energy infrastructure applications and develop a skilled national workforce. Leveraging its extensive experience in energy applications, 3D Systems will support NAMI in driving this transformation.
• Oil & Gas Infrastructure: Modern Isotopes Factory (MIF), a Saudi company established to support the expanding need for radioactive sources for industrial applications, has signed a framework agreement of $26 million with NAMI involving the manufacture of up to 2,000 tungsten core components used in Non-Destructive Testing (NDT) devices for pipeline and welding inspection. These components replace depleted uranium-based parts, aligning with regulatory and localization goals within Saudi Arabia.
• Aerospace & Defense: Lockheed Martin recently announced a collaboration with NAMI to qualify and additively manufacture critical military and aerospace components in the Kingdom of Saudi Arabia. Building on more than 50 years of presence in the Kingdom, Lockheed Martin’s partnership with NAMI accelerates the adoption of additive manufacturing in this region. Parts produced through this partnership are expected to serve international aerospace and defense markets, reinforcing Saudi Arabia’s role in global supply chains. 3D Systems’ Direct Metal Printing (DMP) technology and application expertise will play a central role in producing these components and expanding advanced manufacturing capabilities within the Kingdom.
  

In commenting on the progress 3D Systems is making in Saudi Arabia, Dr. Jeffrey Graves, president and CEO of 3D Systems said, “In Saudi Arabia, we’re witnessing a thoughtful yet rapid transformation across every aspect of the economy and society. Vision 2030, launched by Crown Prince Mohammed bin Salman, is building a vibrant, diverse, and innovative economy anchored by a strong local manufacturing base. This creates tremendous opportunities for disruptive technologies like 3D printing to thrive. Through our partnership with Dussur, we’re proud to contribute to this progress by bringing advanced application expertise and additive manufacturing technologies into the Kingdom. With NAMI, we can deliver everything from component manufacturing to the sale and servicing of printer fleets, enabling OEMs to localize production. Our ambition is to be a key technology partner supporting the Kingdom’s industrial future. We’re especially pleased to welcome Saudi Electric Company as a partner in our joint venture and both Lockheed Martin and MIF as key customers for NAMI moving forward.”

Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates" or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.

About 3D Systems
For nearly 40 years, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.

Investor Contact:   investor.relations@3dsystems.com                                                     
Media Contact:      press@3dsystems.com

FAQ

What stake is Saudi Electric Company taking in NAMI and how does it affect 3D Systems (DDD)?

Saudi Electric Company agreed to subscribe to a 30% stake in NAMI, strengthening local demand for additive manufacturing where 3D Systems supplies technology and support.

What are the terms of the Modern Isotopes Factory deal with NAMI for 3D Systems (DDD)?

NAMI signed a 5-year, $26 million framework to manufacture up to 2,000 tungsten components for NDT pipeline and welding inspection.

How will the Lockheed Martin collaboration with NAMI impact 3D Systems (DDD) operations in Saudi Arabia?

Lockheed Martin will work with NAMI to qualify and additively manufacture critical aerospace and defense components in the Kingdom, using 3D Systems' Direct Metal Printing technology.

When was NAMI established and what strategic program does it support for 3D Systems (DDD)?

NAMI was established in 2022 to support Saudi Arabia’s Vision 2030 industrialization and localization goals.

Will parts produced by NAMI serve domestic or international markets for 3D Systems (DDD)?

Parts qualified and manufactured through NAMI are expected to serve international aerospace and defense markets as well as local industrial customers.