NGI funding slashed in FY-25; announcement on early downselect appears imminent

By Jason Sherman / March 12, 2024 at 5:37 PM
The Defense Department is poised for a major announcement on the Next Generation Interceptor competition -- likely picking a winner in the two-way race between Lockheed Martin and Northrop Grumman much earlier than planned -- in the wake of a steep funding cut to the project in the Pentagon's fiscal year 2025 budget request. The Missile Defense Agency is proposing $1.7 billion for NGI in FY-25, a $413 million reduction or 20% cut, compared to the agency’s plan a year...

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