Lockheed Martin faces China's sanctions over Taiwan deal
The sanctions will likely feature the cut-off of material supply including rare earths, which are crucial to advanced weapons production, and business restrictions on Lockheed Martin’s suppliers that have business in the Chinese mainland, Chinese aviation industry experts said on Tuesday.
The US on Thursday announced the approval of an arms deal to Taiwan involving the recertification of PAC-3 air defense missiles at an estimated cost of $ 620 million.
Chinese Foreign Ministry spokesperson Zhao Lijian said at a regular press conference on Tuesday that China had decided to take necessary measures to impose sanctions on the US company.
Zhao did not elaborate on the details of the sanctions.
Lockheed Martin is an arms producer focused on advanced weapons and equipment, and China does not have many direct business with the company, Wang Ya’nan, a Chinese aviation industry expert and chief editor of Aerospace Knowledge magazine, told the Global Times on Tuesday.