China on Thursday imposed trade and investment sanctions on Lockheed Martin and a unit of Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory.
Lockheed Martin Corp. and Raytheon Technologies Corp.’s Raytheon Missiles and Defense are barred from importing goods into China or making new investments in the country, the Ministry of Commerce announced. It said they were added to the “unreliable entity” list of companies whose activities are restricted because they might endanger national sovereignty, security or development interests.
Taiwan and China split in 1949 after a civil war. The island of 22 million people never has been part of the People’s Republic of China, but the Communist Party says it is obliged to unite with the mainland, by force if necessary. The United States has no official relations with Taiwan but maintains extensive commercial and informal contacts. Washington is obligated by federal law to make sure the island’s government has the means to defend itself.Raytheon Missiles and Defense, part of Raytheon Technologies Corp., was awarded a $412 million contract in September to upgrade Taiwanese military radar as part of a $1.1 billion package of U.S. arms sales to the island.
Lockheed Martin has supplied Taiwan’s military with radar, helicopters and air traffic control equipment. It plays a role in the island’s development of its own fighter jet and navy frigates.
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China imposes sanctions on Lockheed Martin, Raytheon over Taiwan arms salesChina's commerce ministry on Thursday said it put Lockheed Martin Corp and Raytheon Technologies Corp onto an 'unreliable entities list' over arms sales to Taiwan, its latest sanctions against the two U.S. defense contractors.
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China sanctions Lockheed Martin, Raytheon for Taiwan salesBEIJING (AP) — China on Thursday imposed trade and investment sanctions on U.S. military contractors Lockheed Martin and Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory.
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China sanctions Lockheed Martin, Raytheon for Taiwan salesChina on Thursday imposed trade and investment sanctions on U.S. military contractors Lockheed Martin and Raytheon
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China sanctions Lockheed Martin, Raytheon for Taiwan salesThe companies are barred from importing goods into China or making new investments in the country, the Ministry of Commerce announced.
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