国泰海通｜军工：中国航天2025发射次数创新高，美军费或将提至1.5万亿美元

Core Viewpoint - The military industry is expected to perform well in the long term due to increasing great power competition and the strategic focus of the U.S. and its allies shifting towards the Indo-Pacific region [3]. Group 1: Military Industry Performance - The military sector saw a significant increase, with the defense and military index rising by 14.56%, outperforming the market by 10.74 percentage points, ranking first among 29 sectors [1]. - The Lingque 150 drone, developed by Aisheng Group, successfully completed its maiden flight, showcasing advancements in unmanned aerial vehicle technology [1]. - The U.S. Department of Defense announced a substantial increase in the production of "Patriot" interceptors, indicating a ramp-up in military capabilities [1]. Group 2: Space Exploration and Military Budget - China is projected to achieve a record high of 92 space launches in 2025, marking significant advancements in manned spaceflight, deep space exploration, and commercial space endeavors [2]. - Former U.S. President Trump proposed increasing the military budget for the fiscal year 2027 from $1 trillion to $1.5 trillion, emphasizing the need for a robust military in the current volatile global environment [2]. - The international landscape is becoming increasingly complex, necessitating advanced military equipment and reliable communication systems to ensure success in modern warfare [2].