© Reuters. FILE PHOTO: The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit Tessier
BEIJING (Reuters) – China’s commerce ministry on Thursday said it put Lockheed Martin Corp (NYSE:) and Raytheon Technologies (NYSE:) Corp onto an “unreliable entities list” over arms sales to Taiwan, its latest sanctions against the two U.S. defense contractors.
The regulations prohibit Lockheed Martin and Raytheon (NYSE:) Missile and Defense Corporation, a subsidiary of Raytheon Technologies, from “engaging in import and export activities related to China”, according to the commerce ministry statement.
China previously sanctioned the two firms in Feburary last year over a $100-million arms sale to Taiwan, a self-ruled island which Beijing views as a breakaway province.
China’s foreign ministry at the time said the sale “undermined China’s security interests, seriously undermined China-U.S. relations and peace and stability in the Taiwan Strait”.
