• By The Financial District

Beijing Sanctions Lockheed, Raytheon Over Taiwan Arms Sales

China has placed Lockheed Martin Corp. and Raytheon Technologies Corp. under sanctions over arms sales to Taiwan, the government said on Monday, the third time it has announced punishments against the US companies, Eduardo Baptista, Emily Chow, and Ben Blanchard reported for Reuters.

Photo Insert: The Lockheed Martin Center for Leadership Excellence (CLE) in Bethesda

The sanctions are countermeasures against the two companies over a $100-million Feb. 7 arms sale that "undermined China's security interests, seriously undermined China-US relations and peace and stability in the Taiwan Strait," foreign ministry spokesman Wang Wenbin said at a regular news briefing.

The sanctions against the leading weapons are strange since the US does not sell weapons to China, which has tried to secure military technology from the US through industrial espionage.

Beijing views the self-ruled island of Taiwan as a breakaway province that must accept Chinese sovereignty and it has never renounced the use of force to achieve that goal. Taiwan says it is strange for China to reunite with Taiwan, which it never ruled for a single second.

"In accordance with the relevant stipulations in China's anti-foreign sanctions law, the Chinese government has decided to take countermeasures on the infringing acts of Raytheon Technologies and Lockheed Martin," Wang said.

"Both are military enterprises that have long participated in US arms sales to China's Taiwan region."

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