航空航天与国防电子周报：波音上半年交付量同比增长60%

osure information, and information regarding the status of non-US analysts on pages 6 - 11 of this report. Sheila Kahyaoglu * I Equity Analyst+1 (212) 336-7216 I sheila.kahyaoglu@jefferies.comGreg Konrad, CFA * I Equity Analyst+1(212)284-23911gkonrad@jefferies.comEllen Page * IEquity Associate+1 (212) 323-3381 I epage@jfferies.comKyle Wenclawiak * IEquity Associate+1 (212) 323-7671 I kwenclawiak@jefferies.com JefferiesDefense & SpaceBA: T-7 Red Hawk completed a second round of extreme weather testing as the USAF pushes to replace its aging T-38 Talon fleet. BA reportedimproved efficiency, reducing test time from 2.5 to 1.75 months.GE: DoD approved a s2.85BB contract with CFM International to supply F108 engine components through October 2029, with an option to extendfor five more years. The F108 is the military derivative of CFM56, powering KC-135s and E-6s.HXL: Thierry Merlot, President, Aerospace - EMEA/AP & Industrial has notified the company of plans to retire in 2026. In the meantime, Mr. MerlotLMT: Delivered the first Aegis System Equipped Vessel (ASEV) shipset comprised of four AN/SPY-7(V)1 radar antennas to the Japan Ministryof Defense (JMoD).The delivery was facilitated through Mitsubishi Corporation under a Direct Commercial Sale arrangement after rigorousacceptancetesting.JMoD is acquiring two AsEVs,and both areontrack for commissioning in Japan Fiscal Year2027and 2028.LMT: Air Force wants to begin examining ways to increase the F-35 range by potentially integrating external fuel tanks onto the aircraft, accordingto the service's FY26 budget request (requesting S432MM). In its current configuration, the Air Force F-35A variant has a combat radius of about670 nautical miles.MRcY: Secured two new production awards in June totaling s36.9MM for ground-based radar programs. These programs utilize its CommonProcessing Architecture and cybersecurity software from its recent Star Lab acquisition.PSN: Sealing Technologies (a PSN company) partnered with NCS Technologies to ramp up production of its Cyber Hunt Kits for the DoD.By producing standardized base nodes, the partnership reduces internal assembly time and supports fast ramp-up to meet evolving missiondemands.RENK: RENK is considering options for its civilian industrial business, to concentrate focus on the defense business. The article claims RENKis working with advisors on a strategic review of the business, with potential options, including a partial sale of full sale of sub units within thecivilian business, as it is unlikely to be sold in one piece.sAic: Entered a strategic collaboration with ServiceNow to launch a new government risk reduction effort offering aimed at enhancing missionoperations for U.S. defense, intelligence, and civilian agencies.TXT: Bell Textron has been selected for Phase 2 of DARPA's SPRINT X-Plane program, advancing its development of a high-speed, runwayindependent aircraft. The company will now move forw@d with detailed design, construction, ground testing, and certification of an X-planedemonstrator featuring innovative stop/fold rotgr teqhnology.European defense: Following reports earlier this week that France seeks an 80% workshare on the Next Generation Fighter part of the FCASprogram, Chancellor Friedrich Merz said that France should stick to what had been agreed, around the division of tasks.The Us faces a critical shortagemilitary plans. The shortagjeyame more apparent after the U.S. used ~30 Patriot missiles to intercept Iranian attacks following a strike on Iran'snuclear facilities. Subsequehtly tRe Trump administration paused a planned transfer of munitions to Ukraine.US weapon delivery to Ukraine resumes: Us is delivering artillery shells and rocket artllery missiles to Ukraine, according to two US officials,following President Trump's administration halting shipments of some weapons to Kyiv. Officials have said that the pause in shipments last weekwas linked to concerns over US stockpile levels.Space.TraCsSis riskafterCommerceZwarnings. Canceling Tracss would save s55 million a year, but space advocates argue this smallsavings comes at the cost of increased collisionrisks and weakened U.s. leadership in space safetyCommercial AerospaceAIR: Released its June orders & deliveries yesterday, with 63 a/c delivered (in line with JEFe), -6% y-o-y, bringing YTD to -5% y-0-y. 203 new orderswere recordedwith16cancelations.AiR: Malaysia Aviation Group has exercised its purchase rights for 20 A330-900 planes through a direct order with Airbus, as part of the carrier'swidebody fleet renewal program. Deliveries are scheduled between 2029 and 2031.The original order will deliver through to 2028.AiR: Airbus' EVP Sales of Commercial Aircraft reports that Indian airline IndiGo "will order more aircraft, referring to the A350, for which they holdPlease see important disclosure information on pages 6 - 11 of this report cfPatriot missile interceptors, with current stockpiles at only about 25% of what the Pentagon requires