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☆ Yσɠƚԋσʂ ☆@lemmy.ml 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 ☆@lemmy.ml 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
  • JohnDClay@sh.itjust.works
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    4 months ago

    But Lockheed is a front runner for that too.

    • halyk.the.red@lemmy.ml
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      4 months ago

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

      • JohnDClay@sh.itjust.works
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        4 months ago

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

        • halyk.the.red@lemmy.ml
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          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 ☆@lemmy.mlOP
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      4 months ago

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

      • leisesprecher@feddit.org
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        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 ☆@lemmy.mlOP
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          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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            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@federation.red
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              4 months ago

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

              • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                4 months ago

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

                • JohnDClay@sh.itjust.works
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                  4 months ago

                  Looks like both.

                  • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                    4 months ago

                    It’s pretty much all state owned, and in cases where private industry is used, it’s tightly controlled including party members being embedded within the companies. In fact, the role of private industry in China has been declining overall https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among

            • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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              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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                4 months ago

                I disagree.

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

                • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                  4 months ago

                  CAC has been promoted to a state enterprise in 1990. Try harder.

                  • JohnDClay@sh.itjust.works
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                    4 months ago

                    Looks like it’s owned by Zhonghang Electronic Measuring Instruments, which is public? Or maybe they’re owned by AVIC which is both public and private?

      • JohnDClay@sh.itjust.works
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        4 months ago

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

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          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 ☆@lemmy.mlOP
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              4 months ago

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

              • JohnDClay@sh.itjust.works
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                What’s your source that it was totally ineffective? Iran?

                • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                  There is zero evidence of any damage done to Iran. There is no satellite footage, no videos of the explosions. There is nothing. When Iran attacked Israeli base we had actual hard evidence of what the results were. One has to be an incredibly credulous rube to believe that Israel and Yankeestan were able to attack Iran when they’re unable to provide any evidence of that. You’re such a great illustration how effective propaganda can be on people who are incapable of critical thinking.

                  • JohnDClay@sh.itjust.works
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                    https://www.iranintl.com/en/202412054965

                    You think Iran would release videos of that?

                    I have a UK generals quotes. Not as good as video, but better than nothing. I think you have just Irans public stance? With that I’d say mine has more evidence.

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