China on Thursday sanctioned Lockheed Martin and Raytheon, two of the largest American defense contractors, over arms sales to the self-governing island nation of Taiwan.
Both companies are prohibited from making new investments in China and engaging in trade and business, the Chinese Ministry of Commerce said in a Thursday statement.
It’s not immediately clear what the impact of the sanctions will be on the arms manufacturers, as the U.S. has already barred the sales of weapons technology to China.
In September, the U.S. announced a $1.1 billion contract for Taiwan that included Harpoon anti-ship missiles and Sidewinder anti-air missiles, as well as a large contract for Raytheon to improve the nation’s radar system.
China has announced sanctions on Raytheon and Lockheed Martin before, including last February, after a $100 million arms sale to Taiwan was announced.
Previous sanctions have been less clear on how Beijing would impose penalties and restrictions on the companies.
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China sanctions Lockheed Martin, Raytheon over weapons sales to Taiwan https://t.co/nxEgxY75yp pic.twitter.com/NbvFzq94fe
— The Hill (@thehill) February 16, 2023
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