Stock of the United States’ largest defence contractor Lockheed Martin was downgraded to Hold from Buy at Deutsche Bank by 14.5 percent, with a price target of $523
The U-2 first flew in 1955. One was shot down over the USSR in 1960, and another was shot down over Cuba in 1962. They largely stopped flying over peer air defenses at that point.
That’s about a 7-year span where it was useful for its primary task. Hanging around to fly over Libya in 2011 is not the same as fulfilling the role the plane was designed for decades later.
The U-2 first flew in 1955. One was shot down over the USSR in 1960, and another was shot down over Cuba in 1962. They largely stopped flying over peer air defenses at that point.
That’s about a 7-year span where it was useful for its primary task. Hanging around to fly over Libya in 2011 is not the same as fulfilling the role the plane was designed for decades later.