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VisitU.S. military company with highest revenue loss due to China's sanctions by December 31, 2025?
Insitu Inc. • 25%
Hudson Technologies • 25%
Raytheon Canada • 25%
Raytheon Australia • 25%
Financial reports from the respective companies or financial news outlets
China Sanctions Insitu Inc., Hudson Technologies, Raytheon Canada, and Raytheon Australia Over $571 Million Arms Sales to Taiwan
Dec 27, 2024, 01:03 PM
On December 27, 2024, China announced sanctions against seven U.S. military companies and their senior executives in response to U.S. arms sales to Taiwan. The Chinese Foreign Ministry condemned the U.S. National Defense Authorization Act for Fiscal Year 2025, stating it undermines China's sovereignty and violates the one-China principle. The sanctioned companies include Insitu Inc., Hudson Technologies Co., Saronic Technologies, Raytheon Canada, and Raytheon Australia. This decision follows a recent U.S. military aid package to Taiwan valued at approximately $571 million, which China views as a serious interference in its internal affairs and a threat to its territorial integrity. The sanctions are part of China's broader strategy to counter perceived threats from U.S. military actions in the region.
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