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.
The U-2 first flew in 1955. One was shot down over the USSR in 1960, and another was shot down over Cuba in 1962. They largely stopped flying over peer air defenses at that point.
That’s about a 7-year span where it was useful for its primary task. Hanging around to fly over Libya in 2011 is not the same as fulfilling the role the plane was designed for decades later.
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
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.
The U-2 first flew in 1955. One was shot down over the USSR in 1960, and another was shot down over Cuba in 1962. They largely stopped flying over peer air defenses at that point.
That’s about a 7-year span where it was useful for its primary task. Hanging around to fly over Libya in 2011 is not the same as fulfilling the role the plane was designed for decades later.
You think the U2 was an intercepter?