Northrop Grumman, Lockheed sanctioned by China for sales to Taiwan

Robert Besser
18 Sep 2023, 20:04 GMT+10

U.S. aerospace and defense firms Northrop Grumman and Lockheed Martin have been sanctioned by China for selling weapons to Taiwan, the Chinese foreign ministry said last week.
China has targeted Lockheed Martin Corp's facilities in Missouri for manufacturing arms for Taiwan, and allege that Northrop Grumman has continually sold weapons to Taiwan.
While China has sanctioned other US companies in the past, it is uncertain what impact the sanctions will have on Northrop Grumman and Lockheed Martin, which sells no armaments to China.

BEIJING, China: U.S. aerospace and defense firms Northrop Grumman and Lockheed Martin have been sanctioned by China for selling weapons to Taiwan, the Chinese foreign ministry said last week.

According to ministry spokesperson Mao Ning, the sanctions are authorized under China's Anti-Foreign Sanctions Law.

"We urge the U.S. side to effectively abide by the one-China principle... cease U.S.-Taiwan military liaison and stop arming Taiwan, or else it will be subject to a resolute and forceful retaliation by the Chinese side," she said.

China has targeted Lockheed Martin Corp's facilities in Missouri for manufacturing arms for Taiwan, and allege that Northrop Grumman has continually sold weapons to Taiwan.

While China has sanctioned other US companies in the past, it is uncertain what impact the sanctions will have on Northrop Grumman and Lockheed Martin, which sells no armaments to China.

In August, the US approved the funding of $80 million to Taiwan under the Foreign Military Financing program.

This past week, a Chinese naval group passed within 60 nautical miles of Taiwan's southeast.

Taiwan also reported dozens of Chinese fighter aircraft flying within its air defense zone this week.

China enacted a number of laws in 2021 to counter the sanctioning of Chinese companies by foreign countries.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Switzerland Times.

More Information

12 ℃

Fair in Bern

Europe Business

Section

Nissan to make only EV models for Europe by 2030

YOKOHAMA, Japan: Joining a growing number of carmakers that are shifting to electric vehicles (EV) by the end of the ...

EU launches world's first carbon border tax

Brussels is set to impose CO2 emissions tariffs on carbon-intensive imports including steel and cementThe EU launched the first phase ...

Slovakia's Pro-West, Pro-Russia Parties in Tight Race, Exit Polls Say

BRATISLAVA, slovakia - Voters in Slovakia cast ballots Saturday in early parliamentary elections, and two exit polls pointed to a ...

Exit Polls Show Slovak Liberal Party Seen Leading Election

BRATISLAVA, slovakia - Slovak liberal party Progressive Slovakia (PS) led a parliamentary election Saturday, initial exit polls showed, potentially blocking ...