据悉，该系统的第一阶段任务将是对来自东部的飞行物进行探测、定位和追踪。其最终目标还将包括具备对这类无人机实施反制的能力。（总台 记者 沃龙） △波兰总理图斯克（中）与波兰内政和行政部长马尔钦·凯尔温斯基（左二）视察边境哨所 当地时间12月23日，波兰内政与行政部长凯尔温斯基表示，在与白俄罗斯的边境上，首批反无人机系统组件已投入使用，这些组件安装在波德拉 谢省克雷涅克地区的瞭望塔上。在超过70米瞭望塔上安装的雷达，是PCL系统（被动定位系统）的首个组件，未来还将部署在另外四座已建成的 瞭望塔上。 ...

智通财经APP获悉，斯提菲尔(Stifel)发布的一份新研报宣称，美国国防工业正站在一个时代的转折点， 并预测随着战争部积极转向无人系统，2026年将成为"无人机之年"。 根据这份12月15日的分析报告，无人系统支出正处于一个"重大拐点"，其驱动力来自技术进步、不断升 级的地缘政治威胁以及今年早些时候政府换届后新的政治意愿这"三驾马车"。 国防的"1935时刻" 以乔纳森·西格曼为首的斯提菲尔分析师将当前国防格局比作1935年时的有人驾驶飞机状态。正如90年 前航空在军事预算中占比微乎其微，而后爆炸式增长成为主导力量结构要素一样，无人系统目前仅占战 争部资金的个位数百分比。 报告认为，1935年由德国威胁催生的"重新武装转向"与当今形势异曲同工。斯提菲尔预测，无人系统将 在未来几年成为"预算份额的巨大增长点"，其轨迹将类似于有人驾驶飞机——到1955年，后者最终占据 了投资账户一半以上的份额。 政治驱动因素与"大美丽法案" 报告强调了2025年全年采取的重大立法和行政行动，这些行动为这一转变奠定了基础。美国总统唐纳德 ·特朗普已发布多项行政命令，重点关注国防采办现代化和提升美国无人机能力。 此外，于7月4日签 ...

记者从四川长虹（600839）获悉，近日，旗下长虹电源自主研发的800V高压平台电池组，成功保障我 国国产首款重载电动垂直起降飞行器（eVTOL）AR-E800完成首次飞行。该电池组作为飞行器的核心动 力部件，攻克了高电压绝缘、热管理及轻量化等高难度技术挑战。首飞过程中，电池组全程工作稳定可 靠，实现了"零异常"运行。 在低空经济浪潮席卷而来的当下，四川长虹正以其深厚的产业积累，悄然构建起一条覆盖"空天地"的全 产业链条。公司旗下零八一、长虹电源、长虹佳华、虹信软件等在低空经济的"天网"与"天路"建设上取 得关键突破，一个从核心部件、数字基建设施到安全管控系统的立体化产业布局已清晰浮现。 生态协同：构建产业闭环，瞄准基础设施蓝海 四川长虹的低空经济版图并非单点开花，而是依托内部产业协同，形成了"产品+方案+服务"的闭环能 力。 长虹电源聚焦飞行器核心动力系统，提供高安全性的eVTOL电池及应急电源解决方案。旗下零八一主 攻低空安全防线，其反无人机系统、探鸟雷达等特种装备已部署于北京、广州等多个4F级机场，实现 低空安防的民用化突围。而长虹佳华扮演数字基建整合者与场景方案服务商，利用自身在ICT分销与云 计算领 ...

据悉，空天产业子基金围绕朝阳区"3+X"中的空天领域开展股权投资，即空天产业中的商业航天领域关键零部件研发制造、卫星通信、卫星网络、 卫星在轨服务、卫星数据应用、反无人机系统等前沿未来产业。 来源：聚焦朝阳园 每日｜荐读 近日，朝阳科创基金发布公告遴选朝阳空天产业子基金管理机构。为培育新质生产力，落实"商务+科技"双轮驱动战略，加快打造"3+X"产业集群， 支持经济高质量发展与协同创新，北京市朝阳区科技创新基金拟联合社会资本组建设立空天产业子基金。现公开遴选子基金管理机构。 论坛： 新一批敲钟人，已在路上 荐读： 重新发现香港：科创时代的新蓝图 榜单： 全国首只AIC产业母基金来了 热文： 投资人"忙疯了" ...

Core Insights - Private capital inflows into the defense sector have increased more than eighteen-fold over the past decade, driven by geopolitical instability, battlefield digitization, and the inadequacy of public procurement systems to meet rapid capability demands [1] Group 1: Current Landscape - The speed of innovation and adaptability is as crucial as military might in the evolving conflict landscape, characterized by autonomy, cyber operations, commercial satellites, AI-enabled decision support, and low-cost precision systems [2] - NATO governments are increasing defense spending, but industrial mobilization has not kept pace with operational needs, leading to a mismatch between demand for advanced technologies and traditional supply pipelines [3] Group 2: Market Dynamics - The gap in traditional defense procurement has created opportunities for venture-backed and private-equity-backed companies that leverage commercial innovation models and agile development processes [4] - Speed alone is insufficient; companies must also demonstrate mission-solution fit, integration capabilities, security readiness, and procurement literacy to succeed in the defense sector [5][7] Group 3: Regulatory Environment - The regulatory landscape for defense investments has become more stringent, with factors such as CFIUS review, ITAR and EAR export controls, and beneficial ownership transparency influencing deal structures and timelines [6]

Core Viewpoint - BNP Paribas Exane initiates coverage on 12 U.S. aerospace and defense companies, suggesting selective investment due to pressures in commercial aviation and anticipated growth in defense spending by 2026 [1] Commercial Aviation - The firm prefers parts and subsystem suppliers over large OEMs, favoring companies like Raytheon (RTX.US), TransDigm (TDG.US), and AeroVironment (AVAV.US) with positive ratings, while giving a negative outlook on Boeing (BA.US) and GE Aerospace (GE.US) [1][3][4][5] Defense Sector - Exane expects U.S. budget decisions in 2026 to drive demand, listing Lockheed Martin (LMT.US), Northrop Grumman (NOC.US), and AeroVironment (AVAV.US) as preferred picks [1] Company Ratings - **AeroVironment (AVAV.US)**: Outperform, positioned at the core of U.S. defense priorities with expected double-digit growth in its AxS segment [1] - **TransDigm (TDG.US)**: Outperform, with anticipated profit margin improvements in 2026 and 2027, and a projected special dividend of $100 next year [2][3] - **Raytheon (RTX.US)**: Outperform, expecting improved output from Collins Aerospace and growth in Pratt & Whitney [4] - **GE Aerospace (GE.US)**: Underperform, with concerns over declining aftermarket revenue and increasing losses in the GE9X project [5] - **L3Harris Technologies (LHX.US)**: Neutral, with limited room for valuation expansion despite benefits from missile defense projects [6] - **Boeing (BA.US)**: Underperform, with overly optimistic expectations on aircraft production and cash flow [7] - **Lockheed Martin (LMT.US)**: Outperform, driven by missile projects and international demand [8] - **Kratos Defense (KTOS.US)**: Neutral, with high valuation concerns despite broad defense technology coverage [9] - **General Dynamics (GD.US)**: Outperform, with expected improvements in various sectors including Gulfstream jets and shipbuilding [10] - **Northrop Grumman (NOC.US)**: Outperform, with anticipated growth in multiple projects as they transition to procurement phases [11] - **Howmet Aerospace (HWM.US)**: Outperform, with strong performance in pricing and market share [12] - **Heico (HEI.US)**: Neutral, with cautious outlook due to high valuation and potential slowdown in acquisitions [13]

7日上午，比利时列日机场因无人机干扰短暂关闭，这是近来欧洲多个机场发生无人机干扰事件的又一 例。近两个月来，哪些国家发生过无人机干扰事件？事件频发的原因和责任人是否已经调查清楚？欧洲 国家将采取什么措施避免类似情况发生？ 无人机事件发生在哪里 比利时媒体报道，类似7日发生的无人机干扰事件近日已在比利时发生多起。6日晚，布鲁塞尔机场和列 日机场因发现无人机后暂停运营约30分钟；4日晚间至5日上午，布鲁塞尔机场两度中断航班起降，导致 多架到港航班备降其他机场，部分出港航班被取消，列日机场也一度关闭。同时，比利时小布罗赫尔空 军基地和弗洛雷讷空军基地附近也发现了无人机。 6日下午，瑞典第二大城市哥德堡机场发现无人机，迫使十多个航班备降其他机场或被取消；5日，立陶 宛维尔纽斯机场在发现一架无人机后对空域实施限制；德国柏林机场10月31日发现无人机，暂停航班起 降近两小时。 6日，比利时国家安全委员会召开紧急会议讨论无人机威胁问题。弗兰肯表示，比利时预计出台一项耗 资5000万欧元的反无人机计划，用于采购和部署探测系统、干扰器和武器，以保护关键设施。此外，比 利时安全和内政大臣贝尔纳·坎坦说，比利时正在更严格执行无人机 ...

Core Viewpoint - The current method of using expensive fighter jets to intercept low-cost drones is unsustainable, necessitating investment in more efficient anti-drone systems [1] Group 1: Security Threats - European countries are facing escalating security threats from drone incursions, particularly along the eastern defense line [1] - A significant number of drones entered Polish airspace earlier this month, prompting the Polish military to take emergency measures [1] Group 2: Military Response - The Netherlands' F-35 fighter jets participated in intercepting drones in Polish airspace [1] - Recent incidents of unidentified drones have also disrupted multiple airports in Denmark and Norway [1] Group 3: Technological Development - There is a pressing need for EU and NATO countries to accelerate the development of anti-drone technology to effectively address these threats [1]

Group 1: Industry Overview - The U.S. government's push for military strength is creating investment opportunities for defense contractors, with over $150 billion allocated for defense projects in the One Big Beautiful Bill Act [1] - Analysts expect companies like CACI International, Booz Allen, and Viasat to benefit from this funding and achieve growth [1] Group 2: CACI International - CACI has quickly become a favored defense stock on Wall Street, with Goldman Sachs upgrading its rating to "Buy" and raising the target price from $407 to $544 [2] - The company has a strong relationship with the U.S. Department of Defense, which accounts for 75% of its revenue, and it is expected to outpace peers in growth due to its shift towards advanced technologies [2] - CACI's proprietary anti-drone systems differentiate it from competitors, with an estimated 26% of its revenue coming from these solutions [2] - CACI's stock has risen 21% year-to-date, with a 13% year-over-year revenue increase to $2.3 billion, surpassing expectations [2] Group 3: Booz Allen - Booz Allen, one of the oldest defense consulting firms, has seen its stock decline 15% this year and nearly 28% over the past 12 months [3] - The company faced contract terminations, with 97 agreements canceled by the Department of Defense, impacting its performance [3] - However, market sentiment is shifting, and analysts predict Booz Allen could rebound, with a focus on its core businesses in AI, cybersecurity, software development, and data analytics [3] - The latest financial report showed a slight revenue decline of 0.6% to $2.9 billion, but adjusted earnings per share increased by 7.2% to $1.48, exceeding expectations [3] Group 4: Viasat - Viasat is gaining attention as a potential high-growth stock, with analysts noting significant upside potential despite recent stock price increases [4] - Potential catalysts include management's consideration of an IPO or spin-off of its defense technology business and expected cash inflow of $568 million from a spectrum agreement with Ligado [4] - The company anticipates positive free cash flow in the second half of the year, boosting investor confidence [4] - Viasat's stock has surged over 200% year-to-date, with a 4% revenue increase to $1.17 billion, although net losses widened from $33 million to $56 million [5]

Summary of Key Points from the Conference Call Industry Overview - The conference call discusses the **anti-drone industry**, particularly in the context of the increasing use of small commercial drones in warfare, notably in the **Russia-Ukraine conflict**. The cost-effectiveness of these drones, which can destroy high-value targets at a fraction of their cost, has led to their widespread deployment by both sides in the conflict [1][4]. Core Insights and Arguments - **Drone Utilization in Warfare**: Drones have transitioned from peripheral to central roles in modern warfare, demonstrating significant destructive capabilities against high-value targets. The Ukraine operation successfully targeted Russian strategic bombers, showcasing the effectiveness of drones in warfare [2]. - **Market Growth**: The global anti-drone market is projected to grow at a **24.7% CAGR** from 2024 to 2031, with a significant focus on ground-based systems, particularly for protecting high-value static targets like airports and chemical plants [1][13]. - **Demand and Supply Dynamics**: The increase in drone applications on the battlefield and the rising need for protection of high-value targets are driving demand for anti-drone systems. The supply side is characterized by a low concentration of industry players, indicating early-stage development [3][17]. Important but Overlooked Content - **Traditional Anti-Drone Measures**: Traditional methods include electronic warfare, radar, and optical detection, each with its pros and cons. An ideal anti-drone system should integrate multiple detection and neutralization methods to effectively counter various drone threats [5]. - **Technological Trends**: The shift from large high-altitude drones to smaller, more difficult-to-detect drones necessitates the development of advanced detection systems, including electronic countermeasures and specialized radar [8]. - **Key Players and Components**: Notable companies in the upstream component sector include **6,912** and **Raycus Laser** for high-energy microwave and laser components, respectively. In the midstream radar sector, companies like **Guorui Technology** and **Aerospace Nanhua** are highlighted [18][19]. Recommendations for Future Investments - **Potential Market Leaders**: Companies producing laser components and high-power microwave systems are expected to see significant growth in both military and civilian applications. The overall supply chain is likely to benefit from increased orders, particularly in the anti-drone sector [14]. - **Complete Product Line Companies**: Companies with comprehensive anti-drone product lines, such as **Aerospace Electronics** and **Lianchuang Optoelectronics**, are recommended for their strong integration of R&D and production capabilities [20]. Conclusion - The anti-drone industry is poised for significant growth driven by the increasing battlefield application of drones and the need for protective measures against high-value targets. The evolving technology landscape and the emergence of new players in the market present both opportunities and challenges for investors and stakeholders in the defense sector [15][16].