国产军民机亮相新加坡航展，美将加速生产五种关键导弹

Investment Rating - The report rates the industry as "Overweight" [4] Core Insights - The defense sector saw an increase last week, with domestic military and civilian aircraft showcased at the Singapore Airshow. The U.S. will accelerate the production of five key missiles, indicating a long-term positive trend for the military industry due to intensified great power competition [3][7][9]. Summary by Sections Investment Highlights - Key investment themes include: 1) Assembly: AVIC Shenyang Aircraft Corporation, Aerospace South Lake, AVIC Xi'an Aircraft Industry, and GD Infrared. 2) Components: AVIC Optoelectronics, Unisoc, Shaanxi Huada, Zhenhua Technology, Zhimin Technology, Guobo Electronics, and Ruichuang Micro-Nano. 3) Subsystems: Aero Engine Corporation of China, AVIC Avionics, North Navigation, and Aerospace Electronics. 4) Materials and Processing: AVIC High-Tech, Filihua, Guangwei Composite, Huayin Technology, Plit, Western Materials, Aviation Materials, Jiach Technology, and Hangya Technology [4][9]. Market Performance - Last week, the defense industry index rose by 0.1%, outperforming the broader market by 1.37 percentage points, ranking 14th out of 29 sectors. The CS Aerospace and Defense Index performed particularly well, increasing by 2.89% [11][14][12]. Key Events - Commercial Aerospace: Tianyi Research Institute initiated listing guidance, and SpaceX plans to deploy 1 million satellites [20]. - Commercial Aviation: The C919 aircraft from COMAC was showcased at the Singapore Airshow [21][22]. - Global Military Trade: Chinese military aircraft gained attention at the Singapore Airshow, with increased interest in the JF-17 fighter jet and significant arms sales approved by the U.S. to Israel and Saudi Arabia [23][24].