Lockheed Martin, Stratasys and Phoenix Analysis & Design Technologies are teaming up to use 3D printing to make parts for NASA's Orion spacecraft. Orion will use Stratasys' advanced materials such as the new Antero 800NA, a PEKK-based thermoplastic that has next-gen mechanical, chemical and thermal properties. NASA's Orion spacecraft is designed to send astronauts to the moon and beyond. Orion's next test flight--known as Exploration Mission-1, will be the first integration mission with the Space Launch System. Orion, which won't have a crew, will fly thousands of miles beyond the moon in a three-week mission.
Stratasys announced Monday that its chief executive officer Ilan Levin is resigning June 1, after less than two years on the job. The 3D printing and additive manufacturing vendor said current board chairman Elan Jaglom will assume the position until a permanent CEO is chosen. Levin will provide ongoing consultancy services "as needed." "The Board of Directors is appreciative of Ilan's contributions to Stratasys and Objet for over 15 years," Jaglom said in a prepared statement. "Ilan has implemented a number of key decisions as CEO that have kept the Company strong and ready for future expansion.
HP delivered a strong fiscal second quarter driven by PC average selling prices and a beefed up printing unit via acquisition, but the real question revolves around when 3D printing and additive manufacturing will be material to the company. After all, HP won't be able to keep growth going unless it finds a new trick. That trick is most likely 3D printing and its impact on additive manufacturing. On those fronts, HP has been delivering some solid announcements of late. If you add up the moving parts, there are good reasons to be bullish about HP's 3D printing business.
Stratasys, a 3D printing and additive manufacturing vendor, delivered a first quarter that fell short of expectations as orders of high-end systems were pushed out. The big mystery is whether Stratasys is seeing competitive pressure from rivals like HP and 3D Systems or a broader macro economic trend. The company reported a first quarter net loss of $13 million, or 24 cents a share, on revenue of $153.8 million, down from $163.2 million in the same quarter a year ago. Non-GAAP earnings for the first quarter were 5 cents a share. Wall Street was expecting Stratasys to report non-GAAP earnings of 8 cents a share in the first quarter on revenue of $167.5 million.
What remains to be seen is how HP's planned entry into the metal 3D printing market impacts enterprises. HP Metal Jet was outlined in September but broad availability isn't expected until 2021. In any case, it's safe to say there is a lot of interest in 3D printing with metal among manufacturers. Stratasys reported earnings on Thursday and delivered third quarter revenue of $162 million, up from $155.9 million a year ago. The company reported a net loss of a penny a share and non-GAAP earnings of 11 cents a share.