国泰海通｜军工：中国多款装备亮相巴黎航展，以伊冲突再升级

Core Viewpoint - The intensification of great power competition is a long-term trend, leading to a positive outlook for the military industry [2][4]. Group 1: Market Performance - The military industry index declined by 2.39% last week, underperforming the broader market by 1.88 percentage points, ranking 22nd out of 29 sectors [3]. - The Shanghai Composite Index fell by 0.51%, and the ChiNext Index dropped by 1.66% during the same period [3]. Group 2: Domestic Developments - On June 20, China successfully launched the Zhongxing 9C satellite using the Long March 3B rocket, marking the 582nd flight of the Long March series [3]. - At the 55th Paris Air Show, China showcased advanced equipment such as the J-35A stealth fighter and the Wing Loong-10B drone, highlighting their capabilities for both air and naval operations [3]. - The Zhuque-3 reusable rocket's first-stage propulsion system completed a ground test, laying the foundation for reusable rocket technology in China [3]. - The third China-ASEAN Defense Think Tank Exchange promoted regional defense technology cooperation, enhancing practical collaboration in defense technology and joint exercises [3]. Group 3: International Military Dynamics - Iran launched a significant missile attack against Israel, escalating regional security tensions, with at least 25 ballistic missiles targeting Israeli defense facilities [4]. - A joint statement from 21 Arab and Islamic nations condemned Israel's airstrikes on Iranian nuclear facilities, emphasizing the need for diplomatic dialogue to resolve the crisis [4]. - Modern warfare demands higher standards for equipment informatization and intelligence, with a focus on advanced aircraft and communication equipment's strategic value [4].