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China to Sanction Boeing, Raytheon, Lockheed
Published on: 2020-10-27
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WEAPON 01China will impose unspecified sanctions on Boeing Co.’s defense unit, Lockheed Martin Corp. and Raytheon Technologies Corp. after the U.S. State Department approved $1.8 billion in arms sales to Taiwan last week.

The sanctions will be imposed “in order to uphold national interests,” Chinese Foreign Ministry spokesman Zhao Lijian told reporters Monday in Beijing.

The action follows the State Department’s approval last week of $1.8 billion in sales of new weapons for Taiwan and submission of the package to Congress for a final review. The deals, and an earlier one involving Lockheed F-16 fighters, are taking place amid rising tension between the superpowers ahead of the U.S. election next week.

WEAPON 02The new package includes 135 SLAM extended-range land attack missiles from Boeing, Himars mobile artillery rocket systems from Lockheed, and Raytheon surveillance and reconnaissance sensors to be mounted on aircraft.

Boeing fell 3.7% to $161.11 at 11:32 a.m. in New York as the broader market slumped on concerns about rising coronavirus cases. Lockheed dropped 2.7% to $364.24, while Raytheon declined 3.7% to $60.23.

Boeing’s 50-year relationship with China in aviation has helped the country’s “safe, efficient and profitable aviation system to keep pace with the country’s rapid economic growth,” the company said by email. Boeing sells civilian aircraft such as the 787 Dreamliner and 737 Max to Chinese airlines.

WEAPON 03”It’s been a partnership with long-term benefits and one that Boeing remains committed to,” Boeing said.

Raytheon, which makes Pratt & Whitney jet engines and other aeronautics equipment, also touted its connections to China’s civil aviation industry. “We remain committed to its success,” the company said by email.

Raytheon and Lockheed noted as well that foreign military sales are government-to-government transactions, made in cooperation with U.S. authorities. Lockheed said its presence in China is limited.

中国宣布制裁三家美国军工企业

10月26日,中方外交部发言人赵立坚表示,为了维护国家利益,将对此次对台军售的企业:洛克希德·马丁、波音防务、雷神等公司实施制裁。

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