BlackRock The Bid Podcast Episode 267: Defense investment in a new era of geopolitics, AI and global security transformation

BlackRock The Bid Podcast Episode 267 features Oscar Pulido in conversation with Rolf Heitmeyer, Head of Industrials on BlackRock's Fundamental Equity team, exploring the drivers behind defense investment moving from the periphery to the core of capital markets. The two discuss the surge in global defense spending, shifting competitive dynamics between legacy and new contractors, and how technologies including AI-enabled systems and low-cost drones are reshaping modern warfare. The content is based on public industry data from March to April 2026 and BlackRock internal research, provided for informational purposes only and does not constitute investment advice.