New Chinese nuclear attack submarine sank, U.S. officials says [CBS News]
Planet Labs PBC Class A (PL)
Company Research
Source: CBS News
The sinking of China's first Zhou-class submarine represents a setback for Beijing as it continues to build out the world's largest navy. Beijing has become increasingly assertive in pursuing its claim to virtually the entire South China Sea , which is crucial to international trade. Meanwhile, China faces longtime territorial disputes involving others in the region including Brunei, Malaysia, the Philippines, Taiwan and Vietnam. The United States has sought to strengthen ties to its allies in the region and regularly sails through those waters in operations it says maintains the freedom of navigation for vessels there, angering Beijing. The submarine likely sank between May and June, when satellite images showed cranes that would be necessary to lift it off the bottom of the river, said the official, who spoke on condition of anonymity to provide details about the submarine loss. China has been building up its naval flee t at a breakneck pace, and the U.S. considers China's ri
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- 9/5/24 - Beat
PL
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/4/24 - Form SC
- PL's page on the SEC website