据白宫消息，2月18日，美国总统特朗普援引《国防生产法》签署了一项行政命令，旨在保护磷元素以 及草甘膦除草剂的国内供应。 白宫在声明中表示，该行政令认定，这两种关键材料中任何一种的供应中断，都可能使其国防工业基础 和粮食供应暴露于风险之下。该命令指示农业部长布鲁克·罗林斯与国防部协商，跟进相关法规和其他 措施，以确保产品的持续供应。 作为国防工业的基础材料，磷是烟雾、照明和燃烧设备的关键原料，也是半导体的关键部件。同时，磷 也是草甘膦除草剂的关键原料，而草甘膦除草剂是美国农业中使用最广泛的作物保护工具，在保持美国 农业优势方面发挥着重要的作用。 白宫表示，这两类物质在美国境内均仅有一家合规生产商，而且美国的需求远超过产量。政府将继续支 持对下一代作物保护技术的研究和投资，但确保现有关键投入的稳定供应对保障粮食安全和国防仍然至 关重要。（智通财经记者 王晶晶） ...

Group 1 - L3Harris Technologies (LHX.US) stock surged 13% after announcing a proposed $1 billion investment from the U.S. Department of Defense to significantly enhance solid rocket engine production capacity for missiles [1] - The investment will be made through convertible preferred securities, which will convert to common stock during a future IPO, and L3Harris plans to spin off its missile solutions business into an independent company by the second half of 2026 [1] - CEO Christopher Kubasik emphasized the need to strengthen the defense industrial base and revitalize competition, positioning the new company as a key partner for the Department of Defense in deterrence efforts [1] Group 2 - Other defense contractors, including General Dynamics (GD.US), RTX (RTX.US), Lockheed Martin (LMT.US), and Northrop Grumman (NOC.US), also saw slight stock increases following the news [2]

【文/观察者网 柳白】 "无论过去、现在还是未来，中国都会是一个富裕而强大的国家，我们的工作是找到与中方合作的机 会。" "我觉得我对中国一直挺友好的……" 被视作"反华急先锋"还躺在中方制裁名单里的鲁比奥，风向变了？ 香港英文媒体《南华早报》在12月20日的一篇报道中注意到，当地时间12月19日，身为美国最高外交官 的国务卿鲁比奥，在一场时长约两个小时的年终媒体吹风会上，对中国发表的言论已趋向务实，避免给 中国贴上"威胁"的标签，明显不同于他本人以往的立场，也有别于上一届政府的对华言辞，凸显他从对 华强硬的"鹰派"到务实的"外交官"的重大角色转变。 鲁比奥现任美国国务卿，同时兼任总统特朗普的国家安全事务助理一职。在吹风会上，他刻意回避了前 任国务卿布林肯曾频繁使用的"中国是美国步调威胁（pacing threat）"这一说法，转而强调需要以"负责 任的治国之道"和"成熟"的方式来管理双边关系。 他补充说："双方都足够成熟，能够认识到现在以及可预见的未来都会存在摩擦点。我们的工作……作 为负责任治国之道的一部分，就是寻找合作的机会。" "因为我认为，如果面临全球性挑战，中美两国可以携手应对。" 12月19日， ...

Investment Rating - The report indicates a bullish outlook for the US Aerospace and Defense (A&D) sector following the passage of the "One Big, Beautiful Bill" [3][11]. Core Insights - The "One Big, Beautiful Bill" allocates an additional $150 billion to the US Department of Defense, addressing chronic underinvestment in the Defense Industrial Base (DIB) and military modernization needs [1][8]. - This funding is a strategic, front-loaded capital injection aimed at signaling long-term demand to the defense industry, encouraging private sector investments in production capacity and supply chain resilience [2][9]. - The bill is expected to create a growth super-cycle in the A&D industry, providing unprecedented certainty for defense contractors' planning and capital expenditures over the next 3-5 years [2][10]. Summary by Sections US A&D Sector - The funding will lead to higher order-to-delivery ratios and earnings growth in the coming years, with management commentary on the impact of new orders being closely monitored [3][11]. - Labor shortages and supply chain bottlenecks are identified as potential execution risks despite a positive demand outlook [11]. European A&D Sector - The substantial funding for US A&D firms will increase competitive pressures on European counterparts, particularly in export orders [12]. - This situation may catalyze European governments to enhance their defense spending to support local champions, necessitating a selective investment approach in the European A&D sector [12]. Investment Recommendations - The report recommends focusing on companies such as Howmet Aerospace, BAE Systems, Rolls-Royce, Safran, GE Aerospace, and Boeing for potential investment opportunities [5][13].