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
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.
Sure both were experimental, and the experiment with U2 was to make something fly so high that it couldn’t be intercepted. Turned out that the US underestimated the quality of the AD systems Soviets developed.
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.
Where in the world are you getting that Lockheed stuff doesn’t work? SR71? F104? U2? F117? F22?
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
You think the U2 was an intercepter?
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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?
The fact that they have never been put into mass production is a very clear indicator that it was an ineffective program.
Neither was the SR-71. Both programs had a very limited mission, which is why neither was ever produced in quantity.
Sure both were experimental, and the experiment with U2 was to make something fly so high that it couldn’t be intercepted. Turned out that the US underestimated the quality of the AD systems Soviets developed.
And yet they have still been operational for 60 years after that… Funny that the U2 lasted longer than the Soviet Union.
as a museum piece
You should probably look up what the word “operational” means.