China Bans Companies from Doing Business with Raytheon and Lockheed-Martin

CHINA'S COMMERCE MIN: HAS BANNED SENIOR EXECS OF RAYTHEON MISSILES & DEFENSE AND LOCKHEED MARTIN FROM ENTERING, WORKING, STAYING AND RESIDING IN CHINA SINCE FEB 16

CHINA'S COMMERCE MIN: BANS CHINESE ENTERPRISES FROM CONDUCTING IMPORT & EXPORT ACTIVITIES WITH ABOVE U.S. COMPANIES

— *Walter Bloomberg (@DeItaone) April 18, 2023

CHINA’S COMMERCE MIN: HAS BANNED SENIOR EXECS OF RAYTHEON MISSILES & DEFENSE AND LOCKHEED MARTIN FROM ENTERING, WORKING, STAYING AND RESIDING IN CHINA SINCE FEB 16

CHINA’S COMMERCE MIN: BANS CHINESE ENTERPRISES FROM CONDUCTING IMPORT & EXPORT ACTIVITIES WITH ABOVE U.S. COMPANIES

www.audacy.com/talk1370/news/business/china-reveals-new-details-of-raytheon-lockheed-sanctions?utm_source=Twitter&utm_medium=Social&utm_campaign=Talk1370

Could get interesting for contractors trying to deal with Taiwan.

“It wasn’t clear what immediate impact the penalties might have, but th
restrictions on imports and exports could hurt the two companies. The United States bars most sales of weapons-related technology to China, but some military contractors also have civilian businesses in aerospace and other markets.

Last September, Raytheon Missiles and Defense was awarded a $412 million contract to upgrade Taiwanese military radar as part of a $1.1 billion package of U.S. arms sales to the island.

Taiwan buys the majority of its weapons from the U.S., which is its biggest unofficial ally. In recent years, China has frequently sent fighter jets and warships toward the island, surrounding it at different times in a campaign of military pressure and intimidation.

#Chinese sanctions #American companies. Not only #LockheedMartin, even #Raytheon will not be able to operate in #China (aeronautical components, vehicles, weapons) for having sold #weapons to #Taiwan. pic.twitter.com/YjAlQNJFZb

— Donato Yaakov Secchi (@doyaksec) April 18, 2023

Can visitors access Taiwan without Chinese permission?

www.aljazeera.com/news/2023/2/16/china-sanctions-lockheed-martin-raytheon-over-taiwan-arms

“The announcement of sanctions on the US firms follows less than a week after the US blacklisted six Chinese entities in retaliation over an alleged Chinese spy balloon entering US airspace.”

h/t Dodger007