China Imposes Sanctions on Lockheed Martin, Freezes Assets of Senior Executives Over Taiwan Arms Sales

Jun 21, 2024, 10:25 AM

China's Foreign Ministry has imposed sanctions on Lockheed Martin and its senior executives in response to U.S. arms sales to Taiwan. The sanctions include freezing the assets of Lockheed Martin's senior executives, including Chairman James Donald Taiclet, within China. These measures target relevant entities, subsidiaries, and business units of Lockheed Martin. The Chinese government has taken these steps as part of its countermeasures against the U.S. for its military support to Taiwan, which China considers a breakaway province. The announcement was made on Friday.