Latest news with #BILT
Business Wire
31-07-2025
- Business
- Business Wire
BlackRock Broadens Infrastructure Product Suite with Actively Managed ETF
NEW YORK--(BUSINESS WIRE)--Today, BlackRock expanded its infrastructure product suite with the launch of the iShares Infrastructure Active ETF (CBOE:BILT), designed to harness the long-term growth potential of listed infrastructure companies across sectors and geographies through the efficiency and convenience of an ETF. Infrastructure is a vital and distinctive segment of the global economy, with related investments projected to reach $68 trillion by 2040. 1 This growth is fueled by powerful forces reshaping how the world builds, connects, and powers itself, including the buildout of energy-intensive data centers, a renewed focus on energy independence in many parts of the world, and the modernization and expansion of logistic hubs such as terminals and airports as global supply chains are rewired. 'As structural shifts re-shape the global economy, we believe physical and digital infrastructure opportunities will continue to expand and accelerate,' said Balfe Morrison, Head of Listed Infrastructure Strategies, Global Real Asset Securities Group at BlackRock. 'Investors may be under-allocated to listed infrastructure today – partly because there is no formal sector classification for infrastructure, and the companies within the universe have represented only a small percentage of global equity indices. 2 BILT aims to offer investors an actively managed approach to tapping into the multi-decade growth potential of infrastructure, an asset class with lower volatility than global equity markets, in the convenience and transparency of an ETF. 3 ' BILT provides investors with access to a diversified portfolio of 50-60 listed infrastructure companies globally, spanning categories including transportation, energy storage and transportation, construction, and utilities. Managed by Balfe Morrison and the BlackRock Global Real Assets Securities team, BILT leverages over two decades of infrastructure investing expertise seeking alpha driven primarily by stock selection. BILT adds to BlackRock's $10 billion infrastructure ETF suite, which includes the iShares Global Infrastructure ETF (IGF), the iShares U.S. Infrastructure ETF (IFRA) and the iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT). 4 BlackRock's broader infrastructure investing platform, Global Infrastructure Partners, manages approximately $183 billion across a diversified portfolio of more than 300 active investments across equity, debt, and solutions, with operations in over 100 countries serving clients worldwide. 5 About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit | Twitter: @blackrock | LinkedIn: About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1,600+ exchange traded funds (ETFs) and over $4.7 trillion in assets under management as of June 30, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting or Read the prospectus carefully before investing. I nvesting involves risk, including possible loss of principal. The Fund is actively managed and does not seek to replicate the performance of a specified index. The Fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index. Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries. The Fund's use of derivatives may reduce the Fund's returns and/or increase volatility and subject the Fund to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. The Fund could suffer losses related to its derivative positions because of a possible lack of liquidity in the secondary market and as a result of unanticipated market movements, which losses are potentially unlimited. There can be no assurance that the Fund's hedging transactions will be effective. Convertible securities are subject to the market and issuer risks that apply to the underlying common stock. Diversification and asset allocation may not protect against market risk or loss of principal. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, 'BlackRock'). © 2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners. 1 BlackRock, as of April 2025. Assumptions, opinions and estimates are provided for illustrative purposes only. They should not be relied upon as recommendations to buy or sell securities. Forecasts of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. 2 Listed Infrastructure common holdings with S&P 500 and MSCI World as of 31 May 2024, as compared to the FTSE Developed Core Infrastructure 50/50 Net TR Index. 3 Data from Morningstar as of June 2025. Compares the 15-year standard deviation of MSCI ACWI Index versus Global Infrastructure, as represented by the FTSE Global Core Infrastructure 50/50 NtTx NR Index. 4 5 BlackRock, as of June 30, 2025.
Business Wire
10-07-2025
- Business
- Business Wire
BILT Exteriors Expands National Presence Through Partnership With West County Roofing & Construction
SPRING LAKE PARK, Minn.--(BUSINESS WIRE)--BILT Exteriors, a national leader in storm restoration and exterior services, today announced a new partnership with West County Roofing and Construction, a respected St. Louis-based roofing and exterior contractor. This marks BILT's entrance into the St. Louis area and reflects the company's continued geographic expansion, including its second new market in the past nine months. Mike and Krista Grossman founded the company in 2021 after decades of industry experience, building a business rooted in trust, responsiveness, and community values. West County Roofing has quickly earned a reputation for professionalism, integrity, and high-quality craftsmanship in roof replacements and storm damage restoration. 'We chose to join BILT because it's built by owners like us,' said Mike Grossman, co-founder of West County Roofing. 'They understand what it takes to run a great roofing company, and we wanted to be part of a team that shares our values and ambition. This partnership gives us the freedom to keep running West County our way while collaborating with other strong leaders across the BILT platform.' 'Joining BILT means we get to grow the business without giving up what makes it work,' added co-founder Krista Grossman. 'They understand that local leadership and community trust matter. Now we're better equipped to take on more projects, serve more homeowners, and keep doing what we love.' George Todd, CFO of BILT Exteriors, added, 'Mike and Krista bring deep experience and a strong reputation in the St. Louis market. They are exactly the kind of leaders we look for as we thoughtfully grow BILT's national footprint. We're excited to support their continued leadership at West County and welcome them as owner-operators on the BILT platform.' With a growing presence across the Central U.S., BILT continues to expand by partnering with owner-led companies that want to grow without losing their identity. BILT Exteriors continues to actively seek partnerships with high-performing, founder-led companies in the roofing and storm restoration space nationwide. About BILT Exteriors BILT Exteriors unites exceptional local roofing companies to create a new standard in storm restoration and exterior services. The company partners with successful founders who excel at residential and multifamily solutions, delivering precision and expertise across a wide range of exterior repairs and replacements. Through its family of brands, including Ashco Exteriors, All Craftsmen Exteriors, Absolute Construction, and now West County Roofing, BILT is building a nationwide community of excellence. From its strong Central U.S. foundation, BILT combines regional expertise with enterprise-level resources to deliver consistently outstanding results. Services include storm damage restoration, insurance claim management, roofing and siding installation, and comprehensive exterior repairs. For more information, visit About West County Roofing and Construction Based in St. Louis, Missouri, West County Roofing and Construction specializes in residential roofing, storm damage restoration, and insurance claim support. Founded in 2021 by industry veteran Mike Grossman and co-founder Krista Grossman, the company has earned a strong reputation for its customer-first approach, skilled project execution, and dedication to quality. For more information, visit
Yahoo
26-06-2025
- Business
- Yahoo
BILT awarded $15 Million STRATFI contract to support US Air Force maintainers
GRAPEVINE, Texas, June 26, 2025 (GLOBE NEWSWIRE) -- BILT Incorporated, creators of 3D Intelligent Instructions®, has been awarded a $15 million Strategic Funding Increase (STRATFI) contract by the United States Air Force. The multi-year initiative will expand interactive training and maintenance capabilities across a range of Air Force operations, enabling airmen to complete complex tasks faster, more accurately, and with greater confidence. The AFWERX award, funded by the Air Force Research Laboratory (AFRL), is one of the most competitive funding vehicles within the Department of Defense and represents a major step forward in the USAF's modernization of technical training and sustainment efforts. BILT's mobile platform and spatial computing capabilities will be used to enhance readiness, safety, and standardization across mission-critical roles. 'We're honored to support airmen with the knowledge and tools they need in high-stakes environments,' said BILT President & COO Ahmed Qureshi. 'This award reflects the strength of our technology and the dedication of our team to deliver scalable, intuitive solutions that meet the evolving demands of national defense.' The contract builds on a series of successful pilots and Phase I/II SBIR programs that demonstrated BILT's ability to transform traditional manuals into 3D guides. The platform allows airmen to access interactive instructions on mobile devices and immersive procedures on Apple Vision Pro, both on and off the grid. Link to video: About BILT: Millions of users follow 3D Intelligent Instructions for thousands of products from hundreds of brands. BILT revolutionizes professional training, operational enablement, and the user experience for assembly, installation, maintenance, and repair. The award-winning platform delivers turnkey interactive instructions on iOS, Android, Windows, and immersive spatial computing instructions on Apple Vision Pro. BILT is accessible, sustainable, and efficient. Contact: Juliette Qureshi VP, PR & Media Comms Juliette@ 703-554-3020 About AFRL:The Air Force Research Laboratory, or AFRL, is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development and integration of affordable warfighting technologies for our air, space and cyberspace forces. With a workforce spanning across nine technology areas and 40 other operations around the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development. For more information, visit About AFWERXAs the innovation arm of the DAF and a directorate within the Air Force Research Laboratory, AFWERX brings cutting-edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. AFWERX employs approximately 370 military, civilian and contractor personnel at four hubs and sites executing an annual $1.4 billion budget. Since 2019, AFWERX has awarded over 10,400 contracts worth more than $7.24 billion to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability. For more information, visit: A video accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Study finds BILT for Apple Vision Pro accelerates training
Immersive technologies increase learning speed, accuracy and confidence GRAPEVINE, Texas, May 13, 2025 (GLOBE NEWSWIRE) -- BILT Incorporated, creators of 3D Intelligent Instructions®, confirms findings of a case study that evaluated the impact of spatial computing and extended reality (XR) content on trade school students. Researchers evaluated a 12-week electrical contracting certification program at Warshauer Trade in New Jersey. Instructors supplemented traditional classroom and hands-on curriculum with three modules developed by BILT for Apple Vision Pro. The study emphasizes how immersive technologies drive improvements in training efficiency, task accuracy, and student confidence. Key Findings Reduced Time to Proficiency: The class completed the course nearly 24% faster than classes using traditional curriculum alone. 76% of the class tracked at least 3 weeks ahead of schedule, while 88% were 2.5 weeks ahead. Minimized Errors: Reverse polarity and sheathing errors were eliminated entirely (from 18% and 20% respectively, to 0%). Errors in connecting traveler wires to 4-way switches dropped by 90% (from 50% to 5%). Boosted Confidence and Engagement: 93% of students said they felt ready to apply their new skills in the field. Observed student engagement increased by 50%; early access to immersive content allowed learners to practice hands-on without delay, danger to students, or damage to equipment. 'BILT for Apple Vision Pro catapults students over the steep learning curve,' said BILT CEO Nate Henderson. 'The study underscores how powerful immersive training can be for a new generation of workers.' The study employed a mixed-methods approach, tracking electrical students over 12 weeks. Researchers gathered data through hands-on project tracking, student surveys, and instructor field notes, providing robust evidence of the benefits of integrating BILT Immersive Instructions for Apple Vision Pro into technical training. About BILT: Millions of users follow BILT Intelligent Instructions for thousands of products from hundreds of brands. BILT revolutionizes professional training, operational enablement, and the user experience for assembly, installation, maintenance, and repair. The award-winning platform delivers turnkey 3D interactive instructions for iOS, Android, Windows, and immersive instructions for Apple Vision Pro. BILT is accessible, sustainable, and efficient. Contact: Juliette Qureshi VP, PR & Media Comms Juliette@ 703-554-3020 A video accompanying this announcement is available at in to access your portfolio
