Cold War
Military aviation in the post-war years was dominated by the needs of the Cold War. The post-war years saw the almost total conversion of combat aircraft to jet power, which resulted in enormous increases in speeds and altitudes of aircraft. Until the advent of the Intercontinental Ballistic Missile major powers relied on high-altitude bombers to deliver their newly developed nuclear deterrent; each country strove to develop the technology of bombers and the high-altitude fighters that could intercept them. The concept of air superiority began to play a heavy role in aircraft designs for both the United States and the Soviet Union.
The Americans developed and made extensive use of the high-altitude observation aircraft for intelligence-gathering. The U-2, and later the SR-71 Blackbird were developed in great secrecy. The U-2 at its time was supposed to be invulnerable to defensive measures, due to its extreme altitude. It therefore came as a great shock when the Soviets downed one piloted by Gary Powers with a surface-to-air missile.
Air combat was also transformed through increased use of air-to-air guided missiles with increased sophistication in guidance and increased range. In the 70s and 80s it became clear that speed and altitude was not enough to protect a bomber against air defences. The emphasis shifted therefore to maneuverable attack aircraft that could fly 'under the radar', at altitudes of a few hundred feet.
Read more about this topic: Aerial Warfare
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