• @anachronist@midwest.social
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    153 months ago

    Lockheed’s stock price fell because they missed on earnings. It’s batshit to think a new fighter coming out of China would be bad for Lockheed. 🤡

    • ☆ Yσɠƚԋσʂ ☆OP
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      3 months ago

      A 6th gen fighter coming out of China while the US can’t make their 5th gen fighter work properly certainly does look bad for Lockheed.

        • @MarxMadness@lemmygrad.ml
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          13 months ago

          Maybe if there are no competitors. Even as monopolistic as the military aircraft industry is in the U.S., drones open up a lot of space for competition by being vastly cheaper.

          Then there’s concern about long-term sales to foreign countries, plus the corresponding parts and maintenance revenues. The F-16 is flown by 25 other countries.

      • @anachronist@midwest.social
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        43 months ago

        Cope how? I’m not a fan. The worst thing in the world for Lockheed would be if US’s adversaries decided they weren’t going to be designing any new weapons systems. Lockheed runs on fear of what’s next.

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

        F22 is working just fine. The new planes from China seem like tech demonstrators, so a similar stage to X35 in 2000. So they could still have plenty of production problems ahead of them.