BlackRock, Inc., the world’s largest asset manager, has reported a highly successful third quarter for 2024, marked by strong financial growth. The firm’s total assets under management (AUM) surged to a record $11.5 trillion, driven by $221 billion in net inflows during the quarter. This represents a significant year-over-year increase of $2.4 trillion in AUM, showcasing BlackRock's continued leadership in the asset management industry.
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Lockheed Martin Awarded Contract for Next Generation Interceptor
On April 15, 2024, the U.S. Missile Defense Agency (MDA) selected Lockheed Martin, a prominent defense contractor, to provide the Next Generation Interceptor (NGI). This pivotal decision marks a significant step in enhancing the nation's missile defense capabilities.
Lockheed Martin as the Prime Contractor
As the newly appointed prime contractor for the NGI program, Lockheed Martin is set to deliver the most modern, reliable, and technically advanced interceptor in the history of the Ground-based Midcourse Defense (GMD) system. The NGI is a multiple-kill vehicle interceptor designed to protect the United States against long-range ballistic missile threats from rogue nations.
A Commitment to National Security
Sarah Hiza, vice president and general manager of Strategic and Missile Defense at Lockheed Martin, expressed the company's dedication to the project. "Lockheed Martin is proud to partner with the MDA on a revolutionary interceptor to advance our nation's security," she stated. The company's focus is on providing a capable, mature, and reliable interceptor that integrates seamlessly with the existing GMD system and can adapt to evolving threats.
Progress and Innovations in the NGI Program
The NGI program is progressing steadily towards its Critical Design Review, with further plans for integration into the broader weapon system and upcoming flight testing. Lockheed Martin is leveraging digital tools, processes, and technologies to meet today's production needs and those of the future.
Ensuring a Timely Delivery
Lockheed Martin aims to deliver the first NGI well ahead of the warfighter's requirements, showcasing their commitment to not just meeting but exceeding expectations in terms of development timelines and capability delivery.
Building on a Legacy of Defense Innovation
With nearly seven decades of experience in providing strategic missile systems to the nation, Lockheed Martin continues to innovate in missile defense. The company's extensive experience in kill vehicle technology and exo-atmospheric threat interception forms the backbone of their approach to the NGI. The recent opening of new facilities in Huntsville, Alabama, and the ongoing construction in Courtland, Alabama, underline the company’s dedication to the NGI project.
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