《中国制造2025》提出的十个重点领域，排序靠前的“航空航天装备、海洋工程装备及高技术船舶”基本由国防工业提供，而新一代信息技术、高档数控机床和机器人、新材料等也与军工息息相关。

4 月，新船市场需求保持旺盛，订单量继续回升，累计新船订单量达 1802 万载重吨，同比大幅增长 171%；新船交付量环比上涨，累计同比降幅有所收窄；手持船舶订单量环比微幅下降，同比涨幅继续扩大；新船价格指数继续上行，但散货船价涨势即将结束；出口形势有所恢复，出口额累计同比降幅显著收窄；主要经济指标连续下降，利润总额同比降幅显著。

上游飞机设计研发属于资金、技术密集型行业，研发机构主要集中在中国航空工业集团下属研究所。其中 601 所、611 所、650 所和 602 所等主要研发飞机整机。

5 月 15 日，中航沈飞发布《A 股限制性股票激励计划（第一期）》，拟向董事、高管以及管理和技术骨干合计 92 人授予股票 407.27万股，占公司总股本的 0.29%。中航沈飞作为军品整机类上市公司，其股权激励计划示范意义重大，标志着核心军工资产实施股权激励或已突破体制障碍。 

Traction motors are AC or DC electric motors that provide power to drive locomotives. Further, these motors offer high durability and deliver robust performance, owing to high power and superior mechanical susceptibility of heavy payloads. . The traction motors require high power to deliver the torque required to move the wheels, resulting in compact designs, efficient power-to-weight rations, and efficient cooling of the traction motors. Thus, torque motors have minimum torque ripple, reduced noise & vibrations, higher efficiency, and efficient cooling capabilities through open or forced ventilation.

Airport stand equipment are majorly used on the aircraft ramp during the arrival and departure of flights to ensure efficient operation of flights by providing adequate safety and comfort for airport staff and passengers. These equipment ensure the smooth functioning of aircraft-related operations on the ramp. The role of airport stand equipment involves aircraft mobility, ground power operations, and cargo or passenger loading/unloading operations. This report features information on Airport stand equipment offered by key vendors. Furthermore, the report also highlights the strategies of key market players to improve the market share and sustain competition.

美国军贸近年来不断扩大出口额，中东、印度和亚太等地区对先进武器装备的需求较为旺盛。非美国盟友的国家很难从美国进口武器装备，而中国武器装备的研制生产能力正在快速提高。SIPRI 统计的数据显示，中国是唯一近五年军贸进出口均排名前五的国家，部分发展较快的军贸出口装备（如彩虹无人机等）已达到国际先进水平。随着军贸市场的成熟与发展，全球武器装备的海外市场空间呈增长趋势，国际军贸市场有望成为一国军费增长外的第二增长点。建议关注相关有出口能力的优质企业。