Lockheed Martin's Next Generation Interceptor Program Completes All Subsystem Preliminary Design Reviews At Accelerated Pace
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin has successfully validated designs for all elements of the nation's Next Generation Interceptor (NGI) with the U.S. Missile Defense Agency. The company demonstrated it has achieved design maturity and reduced risk for critical technologies. The NGI program is on track for its next major review, the All Up Round PDR. The first Lockheed Martin NGI is forecast for delivery as early as FY2027.
August 07, 2023 | 8:49 pm
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Lockheed Martin's successful validation of all designs for the Next Generation Interceptor (NGI) program with the U.S. Missile Defense Agency indicates progress and reduced risk for critical technologies. The first delivery is expected as early as FY2027.
The successful validation of all designs for the NGI program indicates Lockheed Martin's progress in this project. This reduces the risk associated with critical technologies and puts the company on track for its next major review. The news is likely to be viewed positively by investors, potentially leading to a short-term increase in the company's stock price.
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IMPORTANCE 80
RELEVANCE 100