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☆ Yσɠƚԋσʂ ☆@lemmy.ml to Technology@lemmy.mlEnglish · 1 year 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 · 1 year 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
  • anachronist@midwest.social
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    1 year 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 ☆@lemmy.mlOP
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      1 year 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.

      • JohnDClay@sh.itjust.works
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        1 year 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.

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          1 year ago

          sure little buddy, you keep on coping there cause it’s adorable

          • JohnDClay@sh.itjust.works
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            1 year ago

            Could you point to what issues your talking about? It’s hard to converse when you’re referring to vague vibes.

            • Atomic@sh.itjust.works
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              1 year ago

              He just straight up doesn’t know what he’s talking about. The only thing you’ll ever get out of him is west bad, China, Russia & North Korea good.

              Can just as well name his post lockheed stock drops after kindergarten teacher drinks water and it would be equally accurate.

              • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                1 year ago

                awww you’re such a sour little muffin aren’t you

                • Atomic@sh.itjust.works
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                  1 year ago

                  Not at all. Just lowering the guys expectations of having a genuine conversation. Feel free to prove me wrong 😘

                  • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                    1 year ago

                    Already did by providing actual sources instead of clowning around the way you do.

            • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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              1 year ago

              The only one referring to vague vibes here is you bud. The disaster that is F22 is very well documented

              • https://www.nytimes.com/2019/08/21/magazine/f35-joint-strike-fighter-program.html
              • https://www.twz.com/28659/air-force-admits-f-22-raptors-wont-hit-80-percent-mission-capable-target-on-time
              • https://nationalinterest.org/blog/buzz/air-forces-f-22-raptor-nightmare-explained-3-words-207364

              On the other hand, China has consistently shown the ability to produce things that actually work.

              • JohnDClay@sh.itjust.works
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                1 year ago

                Jfs has been a cluster, they wanted a VTOL jet that do everything, which physics doesn’t like. But with 15 years extra development, they kinda did it.

                80% readiness is higher than most jets, my sources are actually showing loser, but still in line with other military jets.

                A-10 Thunderbolt II (67 percent) and the F-16C (69 percent), while significantly outperforming air superiority fighters like the F-15C (33 percent) and F-22 (52 percent). https://www.sandboxx.us/news/why-media-coverage-of-the-f-35-repeatedly-misses-the-mark/

                And is your third source just saying that the biggest problem with the F22 is that they want more of them? That hardly seems like a criticism of the plane itself.

                • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                  Jfs has been a cluster, they wanted a VTOL jet that do everything, which physics doesn’t like. But with 15 years extra development, they kinda did it.

                  In the same way the Cybertruck is kind of a truck.

                  80% readiness is higher than most jets, my sources are actually showing loser, but still in line with other military jets.

                  80% is not the readiness of F22, but a target they can’t hit.

                  And is your third source just saying that the biggest problem with the F22 is that they want more of them? That hardly seems like a criticism of the plane itself.

                  It’s a criticism of the abysmal production capability showing that these things are artisanally made.

                  • JohnDClay@sh.itjust.works
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                    1 year ago

                    Did you see the comparison to other jets?

                    Su57 is artisanally made, less than two dozen. ~200 is a short production run, they shut it down early because those 200 could defeat every other air force on the planet several times over. But tech has progressed since then, it’s only a bit better than the J20. But like the U2, that’s not it’s fault.

      • VeganCheesecake@lemmy.blahaj.zone
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        1 year ago

        More advanced hardware from a country the US see as an adversary sounds like it should be great for the stock of Lockheed and Co., actually.

      • anachronist@midwest.social
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        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.

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          Lockheed model of sucking up taxes without producing anything only works when the US feels they have superiority over the adversaries. Now that it’s becoming clear this is not the case, there will be a push to actually have to produce things that work, and Lockheed isn’t good at doing that.

          • JohnDClay@sh.itjust.works
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            1 year ago

            Where in the world are you getting that Lockheed stuff doesn’t work? SR71? F104? U2? F117? F22?

            • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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              Oh man, I remember seeing this U2 in museum, it did a great job intercepting Soviet AD 😂 https://en.wikipedia.org/wiki/1960_U-2_incident

              • JohnDClay@sh.itjust.works
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                You think the U2 was an intercepter?

                • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                  1 year ago

                  Removed by mod

                  • JohnDClay@sh.itjust.works
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                    So you’re just saying that one was once shot down as to why the U2 as a whole was an ineffective program?

              • signalsayge@lemm.ee
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                And yet they have still been operational for 60 years after that… Funny that the U2 lasted longer than the Soviet Union.

                • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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                  1 year ago

                  as a museum piece

                  • signalsayge@lemm.ee
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                    1 year ago

                    You should probably look up what the word “operational” means.

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