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☆ Yσɠƚԋσʂ ☆ to Technology@lemmy.mlEnglish • 4 months ago

Chinese Sixth Generation Fighters Poised to Cut Pentagon Demand For F-35s: Lockheed Martin Stock Drops After New Jets’ Unveiling

militarywatchmagazine.com

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Chinese Sixth Generation Fighters Poised to Cut Pentagon Demand For F-35s: Lockheed Martin Stock Drops After New Jets’ Unveiling

militarywatchmagazine.com

☆ Yσɠƚԋσʂ ☆ to Technology@lemmy.mlEnglish • 4 months ago
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Stock of the United States’ largest defence contractor Lockheed Martin was downgraded to Hold from Buy at Deutsche Bank by 14.5 percent, with a price target of $523
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  • @JohnDClay@sh.itjust.works
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    4 months ago

    Strange that the analysis that this will decrease f35 demand. I guess they think it’ll switch to more ngad and less f35?

    • ☆ Yσɠƚԋσʂ ☆OP
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      -1•4 months ago

      They’re saying that the military might shift focus to development of 6th gen fighters to catch up with China.

      • @MDCCCLV@lemmy.ca
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        -3•4 months ago

        F35 is guaranteed to be better than a “6th generation” Chinese plane and they can be upgraded anyway. And it’s actually very successful now with a very cheap per plane cost.

        • ☆ Yσɠƚԋσʂ ☆OP
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          0•4 months ago

          LMFAO

          • @redtea@lemmygrad.ml
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            4•4 months ago

            I recently upgraded my stone axe with some flint. Those guys with bronze are doomed.

      • @JohnDClay@sh.itjust.works
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        7•4 months ago

        But Lockheed is a front runner for that too.

        • halyk.the.red
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          7•4 months ago

          It’s in reference to international sales, I believe.

          • @JohnDClay@sh.itjust.works
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            3•4 months ago

            Why would they be impacted? What’s their competition?

            • halyk.the.red
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              5•4 months ago

              Not sure the specifics, but I wouldn’t be surprised if there were countries interested in a next generation fighter jet, and is capable of buying from either the US or China.

        • ☆ Yσɠƚԋσʂ ☆OP
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          -5•4 months ago

          I’m sure it’ll be just as successful at sucking up billions in taxes with nothing to show for it.

          • @JohnDClay@sh.itjust.works
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            1•4 months ago

            Have you seen their performance in Iran recently? They seem really good air to ground.

            • ☆ Yσɠƚԋσʂ ☆OP
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              1•4 months ago

              You mean when Israel aborted the bulk of their attack because they got painted by radar?

              • @JohnDClay@sh.itjust.works
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                4 months ago

                No, I mean the one that took down nearly the entirety of Irans air defenses with less than 100 weapons.

                https://www.iranintl.com/en/202412054965

                • ☆ Yσɠƚԋσʂ ☆OP
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                  -2•4 months ago

                  send me a dm cause I have a bridge to sell you 😂

                  • @JohnDClay@sh.itjust.works
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                    -1•4 months ago

                    What’s your source that it was totally ineffective? Iran?

          • @leisesprecher@feddit.org
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            4•4 months ago

            Producing literally hundreds of a single type of airplane with orders for the next decade or so isn’t exactly “nothing to show for”.

            And even if you discount the actual sales, getting billions in development budget from the US government is pretty good for business.

            • ☆ Yσɠƚԋσʂ ☆OP
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              -3•4 months ago

              I mean yeah, the purpose of these companies is to put taxes back into the pockets of billionaires instead of spending them on stuff they’re meant for like infrastructure, healthcare, education, and so on. That’s why majority Americans live like dogs.

              • @leisesprecher@feddit.org
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                1•4 months ago

                Opposed to the Chinese corporations which are famously basically charity organizations?

                What exactly is your point? Your moving goalposts to completely different planets.

                • Mac
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                  1•4 months ago

                  It’s yogthos lol, can’t expect anything less my friend

                  • ☆ Yσɠƚԋσʂ ☆OP
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                    1•4 months ago

                    Hey quick question genius, is Chinese military industry state owned or private? 🤡

                • ☆ Yσɠƚԋσʂ ☆OP
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                  0•4 months ago

                  China doesn’t use private sector for its military. Try to put a bit more work into your trolling.

                  • @JohnDClay@sh.itjust.works
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                    -2•4 months ago

                    I disagree.

                    https://wikipedia.org/wiki/Chengdu_Aircraft_Industry_Group https://wikipedia.org/wiki/Shenyang_Aircraft_Corporation

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