199 1 years later, the theme of the world is peace and development. After the end of the Cold War and the disintegration of the Soviet Union, the United States mastered absolute strength, and a Gulf War completely established its position as the world hegemon. China has also implemented the strategy of keeping a low profile and keeping a low profile, actively opened to the outside world, made every effort to develop its economy, and quickly became the second largest economy in the world, fully enjoying the peace dividend in the past 30 years.

The conflict between Russia and Ukraine broke the predictions of almost all experts and scholars. Why? Because of our linear thinking, we believe that peace is eternal, and the market slowly changes the world theme. This is an illusion of peace. Nip in the bud, the progress of an industry needs continuous scientific and technological progress to promote. The development in peacetime will bring about the upgrading of the industry, and so will this particular industry.

In the last article, we analyzed many sub-industries of the military industry. The military industry is a typical order production model. The military will sign orders and contracts with enterprises according to demand. The more prepayments and contractual liabilities enterprises receive, the higher the prosperity of the industry. Judging from the contractual liabilities of several enterprises in the typical missile industry chain, the industry has entered a high boom stage with full orders. From the internal and external environment of the industry, there are several reasons:

1. The peace dividend was reversed and global resources began to shift. The resources invested in education and science and technology in the past 30 years will be transferred to national defense.

2. The conflict between Russia and Ukraine has brought unpredictable changes to the world pattern. The international situation is complicated. A strong army can safeguard national security, and a strong country must first strengthen the army. There is a rigid demand for military development.

3. The new round of global competition has intensified, and many countries have taken actions to increase their defense budgets, strengthen the procurement of weapons and equipment, and enhance their own security. China's military development stage is just around the corner.

4. The missile industry is China's killer weapon to maintain strategic balance and asymmetric combat deterrence. Judging from the contractual responsibilities of several typical enterprises, the industry orders are full.

Industrial chain: domestic listed leading industry

Assembly: Hongdu Airlines, Gaode Infrared and Zhong Bing Red Arrow.

Guidance: Guangxin Optoelectronics, Tian Jian Science and Technology, Aerospace Electronics, Shuguang Aviation, Leike Defense.

Components: Aerospace Electrical Appliances, AVIC Optoelectronics, Hongyuan Electronics, Zhenhua Technology.

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