国泰海通｜军工：中俄开展海上联合演训，美开始构建反无人机体系

Core Viewpoint - The military industry is expected to perform well in the long term due to increasing geopolitical tensions and the need for enhanced national defense capabilities [3]. Group 1: Military Industry Performance - The defense and military industry index rose by 5.24% from August 4 to August 8, outperforming the Shanghai Composite Index by 3.13 percentage points [1]. - The U.S. Navy plans to invest in a 3D printing facility in Guam to shorten maintenance cycles [1]. - Japan is expanding its military influence through initiatives like the "Sword of Protection" [1]. - South Korea is upgrading its joint operational systems with the U.S. [1]. - Australian Navy's new frigates will adopt a "Japanese solution" [1]. Group 2: International Military Exercises - On August 3, a joint naval exercise between China and Russia commenced, focusing on real combat scenarios including joint maneuvering and defense operations [2]. - The exercise, named "Maritime Joint-2025," concluded successfully on August 5, with all planned maritime tasks completed [2]. Group 3: Geopolitical Trends - The shift in U.S. and allied defense strategies towards the Indo-Pacific region is expected to escalate tensions around China [3]. - Increased defense spending is deemed essential to safeguard peace and achieve military goals by 2027, coinciding with the centenary of the military establishment [3].