军工行业周报：多款新型装备将亮相航展，我国装备第二款隐身战机

Investment Rating - The report rates the military industry as "Overweight" [7] Core Viewpoints - The military sector is experiencing growth, highlighted by the launch of the world's first wooden artificial satellite and the upcoming display of multiple new equipment at the airshow, including China's second stealth fighter [8][9] - The report emphasizes that the intensification of great power competition is a long-term trend, leading to a favorable long-term outlook for the military industry [15] Summary by Sections 1. Core Viewpoints - Multiple new military equipment will be showcased at the airshow, including the J-35A stealth fighter, marking a significant advancement in China's military capabilities [14][31] - The report suggests focusing on aerospace and satellite internet sectors as key investment areas due to the complex international environment [14][15] 2. Market Review - The military defense index rose by 13.08%, outperforming the market by 7.57 percentage points, ranking 2nd out of 29 sectors [9][18] - The CS Aerospace Index showed the best performance, increasing by 14.76% [21] 3. Major News in the Military Industry - The report details significant domestic news, including the 75th anniversary of the People's Air Force and the introduction of new military equipment at the airshow [28] - The J-35A and the Hong-19 surface-to-air missile system will be publicly displayed for the first time, showcasing advancements in China's military technology [34]