It does not.It looks like the research part of the game does a just about OK job, but does not represent historical issues that well.
IRL designing a plane was always revolving around designing and mass-producing engine for that plane. With good enough engine you can make the gate fly. If the engine is bad... well, either you have bad plane or you improvise with throwing out everything "unneeded" like Japan did with A6M.
Bf.109 is considered good fighter of its time. But, there are nuances. Look at models B and C. Despite all the progressiveness of their design they were NOT better than for example Soviet I-16 which they did face in Spain. Trick was that Bf.109 had bigger reserves for relatively simple modernization while I-16 reached its historical peak and deep improvement in the form of I-180 never succeeded, thanks to excessive focus on the liquid cooled V-type engines (ironically caused by meeting with Bf.109 in Spain). But, when we speak about modernization of Bf.109 or any different plane, when exactly it stops being "the same plane" (yup, ship of Theseus)? Different engine? Guns? Improved wings? Maybe, different canopy shape?
I think that two changes are needed. First of all, same designers as current naval one for planes and armored vehicles. Secondly, replacing current research slots with research teams, specialized each in certain sphere. Each state has own research teams, having their own strengths and weaknesses. For example, Soviets had fine plane designers but their efforts were constantly hindered by lack of powerful enough engines as engine designers couldn't give results fast enough, so potentially good plane frames were constantly getting underpowered engines at first. So, in the system where new more advanced plane frame doesn't automatically give you better engine player faces the choice of "making" a new plane with basically same set of modules, so being close enough to current one, and dropping production efficiency for a time, or wait for the new engine and choose again - same plane with better engine or completely new one - and again drop in the numbers, produced.
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