军工ETF（512660）昨日净流入超1.5亿，机构称产业升级催生结构性机会

Group 1 - The core viewpoint is that the U.S. is accelerating the deployment of the B-21 stealth bomber, with a special budget for FY2026 increased to $10.3 billion, nearly doubling from FY2025, indicating the military's commitment to upgrading next-generation stealth equipment [1] - The B-21 is positioned as a "multi-domain warfare hub," capable of both nuclear and conventional operations, with a unit cost only one-third of the B-2 [1] - There is currently no comparable model in China's active fleet, and this U.S. initiative may accelerate the development of related equipment in China [1] Group 2 - The military industry is exhibiting three growth curves: domestic demand focusing on low-cost precision-guided munitions and unmanned systems; accelerated construction of an information-based and intelligent operational foundation; and military trade exports expected to surge due to geopolitical catalysts [1] - The military industry is transitioning from a phase of "increased volume and price" to "increased volume with stable prices," highlighting structural opportunities [1] - The military ETF tracks the CSI Military Index, which is compiled by the China Securities Index Company, selecting representative listed companies in the defense and military industry from the Shanghai and Shenzhen markets to reflect the overall performance of related securities in the A-share market [1]