- 891
- 269
- Origin
- Axis Group
Date of Event:
Jan 5, 2025
An analyst from the bank highlighted “China’s modernization efforts in combat aviation” as the main reason for the decision, following the release of footage showing two Chinese sixth-generation fighter jets in flight.
“We are downgrading Lockheed’s rating to ‘Hold’ [from ‘Buy’], as our previous hypothesis no longer appears convincing, and we have increased concerns about the long-term support for the F-35 in light of China’s modernization efforts,” said Deutsche Bank analyst Scott Deutsche.