The aviation sector has been witnessing a significant growth in demand for jet fuel in the recent times, mainly due to the increasing number of air passengers, on account of cheaper airfare and an increasing number of routes. In 2017, civil aviation emitted around 859 million metric ton of CO2, accounting for around 2% of all human-induced CO2 emissions.

本次 70 周年国庆阅兵的规模之大、类型之全创历次国庆阅兵历史之最，编组之新、要素之全集中体现了国防建设强军成果。新装备的不断涌现，彰显了国家对行业的持续投入并保持稳步快速增长，行业整体维持高景气度，维持“增持”评级。 

我们根据军工板块的历史行情，结合当下市场风险偏好和深度研究结论，在梳理今年以来的军工行情演绎的基础上，对四季度和明年军工板块的走势情况进行展望。 

纪念新中国成立每十年一大庆，逢大庆举行阅兵是新中国的传统。天安门前除了举行过 14 次国庆阅兵，2015 年还首次举行了庆祝抗日战争胜利 70 周年的阅兵庆典。历次天安门阅兵的形式均以开国大典阅兵方案为蓝本，并根据当时军队现行编制和装备的变化情况进行一定的创新。今年庆祝新中国成立70 周年阅兵是创下规模新纪录，在形式创新方面也有望达成诸多“首次”和“之最”，反映了我军改革以来的新面貌。今年的阅兵将全面展示我军按改革重塑的中国特色现代军事力量体系，展示国防和军队建设的最新成就。  

本周中信国防军工指数涨跌幅-2.77%，位列 29 个一级板块涨跌幅第 28 位。国防军工三级行业中,国防军工、兵器兵装、航空军工、航天军工、其他军工均下跌，涨跌幅分别为-2.77%、-3.47%、-3.57%、-1.72%、 -2.74%。

机动性能突出，应用范围广泛。直升机主要依靠旋翼产生动力，可以实现垂直起降、空中悬停、前后左右移动，具备优异的机动性能。直升机的独特优势使其在军民领域获得广泛应用，军事领域，直升机广泛用于对地攻击、机降登陆、武器运送、后勤支援、战场救护等；民用领域，直升机广泛应用于交通运输、应急救援、观光旅游、工业巡检等领域。

前言：透平叶片是透平机械（如汽轮机、燃气轮机、水轮机等）中用以引导流体按一定方向流动，并推动转子旋转 的重要部件。透平机械中最具技术含量和产业价值的航空发动机被誉为是“现代工业的皇冠”，其相关的叶片制造被 誉为是“皇冠上的明珠”。对于航空叶片，随着中国航空产业的进步，国内叶片生产商在国际市场中的参与度不断提 升，逐步迈进航空叶片制造的万亿规模市场的大门。

The UAV market is growing at a sharp pace, globally. The use of UAVs are increasing, irrespective of the end use. The UAV industry has grown at such an amazing rate, that it is almost impossible to count or describe all the applications that have become normal practices pertaining to the same. The military segment is now the largest revenue share holder in the market studied, with UAVs being procured aggressively by various militaries, globally. Tec hnological adva nceme nts and the increasing adoption of UAVs for various applications, both in commercial and military, are expected to augment the rapid growth of the market studied.

Increasing arable land area, demand for agricultural mechanization in matured, as well as emerging markets, is driving the tractor market, globally.  There have been significant advancements in the technology to enhance engine efficiency and increase the horsepower capacity of the tractors.  Four-wheel drive tractors being very less in number, in comparison to two-wheel drive tractors has a considerable growth potential over the forecast period, due to rising demand for efficient power utilization, thereby, eliminating loss of torque due to low traction conditions.  The rising demand for mechanization and the increased number of medium-scale farmers are the primary factors that created a demand for tractor hiring in Ghana and other African countries, majorly in south of the Sahara, which allows tractor owners to fully utilize their machines, while providing services to farmers, who can not afford their own tractors.