- Mar 21, 2024
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- Axis Group
An analyst from the bank highlighted âChinaâs modernization efforts in combat aviationâ as the main reason for the decision, following the release of footage showing two Chinese sixth-generation fighter jets in flight.
âWe are downgrading Lockheedâs rating to âHoldâ [from âBuyâ], 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 Chinaâs modernization efforts,â said Deutsche Bank analyst Scott Deutsche.